No way there is “barely demand for electric vehicles” (see also So long, BMW?). Tesla pulverized its own delivery record in Q4 of 2019 by almost five percent. A total of 95,200 vehicles were delivered globally between April and June 2019. Production also went up to 87,048 vehicles.
In comparison to the first quarter of 2019 this is an increase by 51 percent, and a 217 percent increase to the same quarter in 2018, which saw 40,740 vehicles delivered and 53,339 produced. The fears of investors and share holders, that the demand for Tesla’s electric vehicles is slumping, dissolved. After markets saw an increase in Tesla’s share price by eight percent.
And I have been contributing to that success as well. Almost four weeks ago I became the proud owner of a Tesla Model 3, and even a Performance version. Best car I’ve ever driven.
Here the official press announcement:
Tesla Q2 2019 Vehicle Production & Deliveries
PALO ALTO, Calif., July 02, 2019 (GLOBE NEWSWIRE) — 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.
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.
This article was also published in German.