Tesla Closes At A 2 1

(Reuters) - Shares of Tesla Inc fell 1.7% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter, threatening its goal of a new record.

Chief Executive Officer Elon Musk had said last month that the company was on course to deliver a record number of cars in the quarter, beating the 90,700 it sent to customers in the final quarter of last year. [nL4N22Z3GB]

Electrek did not give any delivery number for international markets for the quarter.

The report said that when international market numbers are added, especially in places like Norway and China, Tesla will get pretty close to a new record.

It has over 12,000 additional orders as well and Tesla could end the quarter by delivering 61,000 vehicles in North America, the report said https://electrek.co/2019/06/25/tesla-orders-surge-record-quarter-delivery-bottleneck, citing sources inside the company. The report also says, citing a source familiar with the matter, that Tesla has delivered 22,000 vehicles in North America in June so far.

In the first quarter, Tesla reported a 31% fall in deliveries, sparking concerns about the company's ability to make profits and meet its delivery targets while it grapples with issues related to cash flow and manufacturing.

Demand for Tesla's Model 3 sedan and other cars have also moved to the top of investors' list of worries after the company reported slack first-quarter demand against a backdrop of U.S.-China trade tensions.

(Reporting by Sayanti Chakraborty and Arundhati Sarkar in Bengaluru; Editing by Arun Koyyur and Phil Berlowitz)

Source : https://finance.yahoo.com/news/tesla-likely-miss-record-second-192541760.html

Thank you for visit my website
Tesla faces delivery bottleneck at close of second quarter - Electrek
Tesla Bear at Cowen Growls Yet Again
Tesla closes at a 2 1/2-year low after Wall Street unleashes scathing new research on the electric-car maker's troubles (TSLA)
Tesla stock closes at lowest in more than two years
UPDATE 1-Tesla faces delivery bottleneck at close of Q2 -Electrek
Tesla closes $2.7 billion mixed offering of shares, debt
Tesla closes on $2.7B capital raise
Tesla (TSLA) closes its massive $2.7 billion capital raise to boost its cash position
Tesla closes at a 2 1/2-year low after analyst who cut his price target for the 4th time this year warns it's facing a 'code red situation' (TSLA)