Tesla On Target For Record Deliveries

Tesla

According to a leaked email.

Tesla did not have the best start to 2019, initially reporting a 31 percent fall in first-quarter deliveries as it struggled to meet European and Chinese deliveries. Company CEO Elon Musk was also never far from the news thanks to his often controversial tweets. After an agreement with the U.S. Securities and Exchange Commission to have all his communications vetted by a securities lawyer, things have seemingly improved.

However, an internal email that was leaked to the media has once again shone the light on Tesla’s inner workings. This time it's good news and Musk surely cannot be blamed for an email intended for company employees that somebody posted on social media.

Here is the Email in full:

To: Everbody

As of yesterday we had over 50,000 net new orders for this quarter. Based on current trends, we have a good chance of exceeding the record 90,700 deliveries of Q4 last year and making this the highest deliveries/sales quarter in Tesla history!

In order to achieve this, we need sustained output of 1,000 Model 3's per day. Almost all parts of the Model 3 production system have exceeded 1,000 units on multiple days (congratulations!) and we’ve averaged about 900/day this week, so we’re only about 10% away from 7,000/week.

If we rally hard, we can do it!

Thanks for your hard work

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While Musk is clearly pushing to get output levels to 1,000 cars per day to reach this target, the current output of 900 cars per day average is not far off and with another month to go before the end of the second quarter the record should be within reach.

A Reuters source confirmed the validity of the email and Tesla shares were up by slightly based on this positive development. With share prices trading at their lowest since late 2016, seeing that production levels are reaching record levels is a bit of good news and will go some way in reassuring investors after the cash-flow and delivery concerns that have plagued the company.

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