Tesla Q2 2020 Vehicle Production & Deliveries

Rhea-AI Summary

PALO ALTO, Calif., July 2, 2020 - Tesla produced over 82,000 vehicles and delivered approximately 90,650 vehicles in the second quarter. Despite the shutdown of the Fremont factory for most of the quarter, production levels have been successfully ramped back. The company highlights that delivery counts may be conservative, with final numbers subject to a variance of up to 0.5%. Tesla will announce its net income and cash flow results along with Q2 earnings, emphasizing that vehicle deliveries alone do not provide a complete picture of financial performance.

Positive

• Produced over 82,000 vehicles in Q2.
• Delivered approximately 90,650 vehicles despite factory shutdown.
• Successfully ramped production back to prior levels.

Negative

• None.

PALO ALTO, Calif., July 02, 2020 (GLOBE NEWSWIRE) -- In the second quarter, we produced over 82,000 vehicles and delivered approximately 90,650 vehicles.

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	Production	Deliveries	Subject to lease accounting
Model S/X	6,326	10,600	14	%
Model 3/Y	75,946	80,050	4	%
Total	82,272	90,650	5	%

While our main factory in Fremont was shut down for much of the quarter, we have successfully ramped production back to prior levels.

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. 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.

FAQ

What were Tesla's vehicle production numbers for Q2 2020?

Tesla produced over 82,000 vehicles in Q2 2020.

How many vehicles did Tesla deliver in the second quarter of 2020?

Tesla delivered approximately 90,650 vehicles in Q2 2020.

What challenges did Tesla face during the second quarter of 2020?

Tesla's main factory in Fremont was shut down for much of the quarter.

Will Tesla's Q2 earnings report include net income and cash flow results?

Yes, Tesla will announce net income and cash flow results along with the Q2 earnings report.

How might Tesla's vehicle delivery numbers be conservative?

Delivery counts could vary by up to 0.5% or more, depending on customer transfers and paperwork.