Tesla Q2 2019 Vehicle Production & Deliveries
July 02 2019 - 4:16PM
In the second quarter, we achieved record production of 87,048
vehicles and record deliveries of approximately 95,200
vehicles. In addition, we made significant progress
streamlining our global logistics and delivery operations at higher
volumes, enabling cost efficiencies and improvements to our working
capital position.
|
|
Production |
Deliveries |
|
|
Model S/X |
14,517 |
17,650 |
|
|
Model 3 |
72,531 |
77,550 |
|
|
Total |
87,048 |
95,200 |
|
Orders generated during the quarter exceeded our deliveries,
thus we are entering Q3 with an increase in our order
backlog. We believe we are well positioned to continue growing
total production and deliveries in Q3.
Customer vehicles in transit at the end of the quarter were over
7,400. Due to the order-to-VIN matching process we described
in our Q1 2019 Shareholder Letter, which we extended to Model S and
Model X in Q2 to improve process efficiency, this metric has become
less relevant. As a result, we do not plan to disclose the customer
vehicles in transit metric going forward.
***************
Our net income and cash flow results will be announced along
with the rest of our financial performance when we announce Q2
earnings. Our delivery count should be viewed as slightly
conservative, as we only count a car as delivered if it is
transferred to the customer and all paperwork is correct. We count
a produced but undelivered vehicle to be in transit if the related
customer has placed an order or paid the full purchase price for
such vehicle. Final numbers could vary by up to 0.5% or more. Tesla
vehicle deliveries represent only one measure of the company’s
financial performance and should not be relied on as an indicator
of quarterly financial results, which depend on a variety of
factors, including the cost of sales, foreign exchange movements
and mix of directly leased vehicles.
Forward-Looking Statements
Certain statements herein, including statements regarding
expected future vehicle deliveries and production, are
“forward-looking statements” that are subject to risks and
uncertainties. These forward-looking statements are based on
management’s current expectations. Various important factors could
cause actual results to differ materially, including the risks
identified in our SEC filings. Tesla disclaims any obligation to
update this information.
Investor Relations Contact
Martin Viecha
Investor Relations
ir@tesla.com
Press Contact
Keely Sulprizio
Communications
press@tesla.com
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