Tesla Vehicle Deliveries Drop Annually Yet Beat Estimates In Important Quarter

Tesla Vehicle Deliveries Drop Annually Yet Beat Estimates In Important Quarter

4 years ago
Anonymous $qOHwDUKgAF

https://wccftech.com/tesla-vehicle-deliveries-estimates-official/

Electric vehicle and renewable energy products manufacturer Tesla Inc (NASDAQ:TSLA) has released its vehicle delivery report for the second quarter of the calendar year 2020 today. The quarter was very crucial for Tesla as it struggles to cope with a global depression in purchasing powers ushered in by the current pandemic. The company, which is widely expected by investors and analysts to reduce its current delivery forecast of 500,000 vehicles for 2020 at its earnings release for the last quarter has reported a 2.5% sequential rise and a 4.7% year-over-year drop in its vehicle deliveries for the second quarter of 2020.

As per the details, in the three months that ended in June, Tesla delivered 90,650 vehicles as it cleared some of its inventory left over from the previous quarter as well. Production output during the quarter stood at 82,272 vehicles, highlighting a 20% drop during the three months in which company C.E.O. Mr. Elon Musk fought tooth and nail to keep his company's production in the Fremont, California Gigafactory open during a time of crisis.