Tesla serious about a record 2nd quarter to return back to profitability

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Tesla serious about a record 2nd quarter to return back to profitability

On Tuesday, the 11th of June 2019, the Chief Executive of electric carmaker Elon Musk said at the company’s annual stakeholder meeting that Tesla Inc. had ‘witnessed a decent shot at a record quarter on every level’, meanwhile heading off some concerns of investors about declining demands of the California-based e-vehicle maker’s Model 3.

Aside from that, the Tesla head, Musk had also been quoted saying that the company had been on track to reach its volume production goal by the end of 2019, while Tesla Inc.’s share prices were lifted more than 4 percent to $226 in the extended trading sessions.

Following the stakeholder’s annual meeting, Tesla head had attended a press conference, while he was asked whether there had been sufficient demands for hundreds of thousands of Model 3 alongside other vehicles Tesla had been planning after deliveries dwindled by 31 percent over the first quarter of the year.

As a response, the Tesla had come in with positive comments which were in alignment with his last month’s forecast that the e-vehicle maker was on correct course to reach its annual delivery goal. In point of fact, last month Tesla Inc.

had issued a statement saying that it had plans to deliver about 90,000-1,00,000 vehicles in second quarter, about 33 percent up from first quarter, and 3,60,000-4,00,000 vehicles by the end of 2019.