The US electric car manufacturer Tesla (TSLA) produced approximately 77,100 total vehicles, consisting of 62,950 Model 3 and 14,150 Model S and X during the first quarter 2019.

– Deliveries were approximately 63,000 vehicles, which was 110% more than the same quarter last year, but 31% less than last quarter. This included approximately 50,900 Model 3 and 12,100 Model S and X,  Tesla said in the press release.

– Because of the lower than expected delivery volumes and several pricing adjustments, we expect Q1 net income to be negatively impacted. Even so, we ended the quarter with sufficient cash on hand.

Tesla said that in North America, Model 3 was agaon the best-selling mid-sized premium sedan, selling 60% more units than the runner up.

– We reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019, the company said.

Tesla shares were down today in New York trading by 7,75 % to 269,19 dollars. The company´s market cap is 46,15 billion dollars.

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s