Tesla sells more electric cars than expected: over 90 thousand cars in three months

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Tesla announced second quarter results, along with general deliveries and production numbers. The American automaker has confirmed specifically 90,650 deliveries, clearly exceeding market expectations. Just a few weeks ago, most Wall Street estimates indicated between 60,000 and 70,000 deliveries to Elon Musk’s company.

The estimates had been assessed on the basis of the general trend of the automotive industry which saw a clear drop in sales and deliveries during the new coronavirus pandemic. Last week, however, some sources indicated that – especially in North America – Tesla could have surprised with deliveries significantly higher than expected and Wall Street had increased the estimates to around 80 thousand deliveries.
The company went even further: “In the second quarter, we produced over 82,000 vehicles and delivered approximately 90,650 vehicles”, reads a note, with the dissemination of the results which caused a jump in the share value of almost 8%. Compared to the previous quarter Tesla delivered more vehicles, while on an annual basis there is a decline in deliveries of only 5% despite the closure of the factory in Fremont and reduced operations.
In contrast, other car manufacturers have felt the lockdown and the COVID-19 pandemic in a decidedly more massive way: the German Audi, in comparison, in the second quarter of the year recorded a drop in deliveries of over 30% . Lhe Tesla production focuses largely on Modem 3 and Model Y (approximately 76 thousand units), while the more expensive Model S and Model X variants are produced at a rate of approximately 6 thousand units per quarter.

As far as deliveries are concerned, approximately 80 thousand Model 3 / Y and 10 thousand Model S / X have been distributed, with the cheaper models of the American manufacturer that logically make more sense and have a significantly wider target audience.



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