Musk says record Tesla vehicle deliveries possible in 3Q

Elon Musk

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SEOUL/BEIJING (Sept 21): Tesla Inc has a chance to deliver a record number of vehicles in the third quarter (3Q), the US electric-car maker's chief executive officer Elon Musk said in an internal email, urging employees to work hard to achieve that goal.

"We have a shot at a record quarter for vehicle deliveries, but will have to rally hard to achieve it. This is the most number of vehicles per day that we've ever had to deliver," Musk said in the email seen by Reuters.

"It's also extremely important that we keep factory output as high as possible over the remaining 10 days. This is vital for the California market."

The quarter-end rallying cry has become a familiar theme in recent quarters at Tesla, with Musk calling on employees to quickly build and deliver vehicles at the end of the quarter to achieve specific targets.

Tesla's US production, which was suspended from the end of March to early May due to the Covid-19 lockdown, recovered in the current quarter.

Former Wall Street analyst and Tesla bull Gary Black yesterday forecast 144,000 deliveries for the July-to-September quarter. Tesla's previous quarterly sales record was set in 4Q of last year, when it delivered 112,000 vehicles.

In 2Q this year, Tesla delivered 90,650 vehicles, beating analysts' estimates and shrugging off a factory shutdown that hurt its output.