Skip to main content

Tesla smashes global delivery record with over 95,000 electric cars

Tesla released its Q2 2019 delivery and production numbers today and the company smashed its previous record by almost 5,000 cars.

The stock price (TSLA) has been up by as much as 8% in aftermarket trading after the announcement.

Over the last few weeks, we have been reporting Tesla is within reach of a new record quarter for deliveries, but it had some obstacles to overcome.

We have been tracking deliveries in North America, Tesla’s biggest market, and it seems that Tesla was at least very close to its goal.

However, it wasn’t clear if Tesla could beat its previous record of 90,700 deliveries globally as we were lacking data from other important markets like China.

Today, Tesla released the official global numbers and the company confirmed that it “achieved record production of 87,048 vehicles and record deliveries of approximately 95,200 vehicles globally.”

Here’s the split between the different models:

Production Deliveries
Model S/X 14,517 17,650
Model 3 72,531 77,550
Total 87,048 95,200

It’s a significant increase over the results from the previous quarter, which was a rare slump in quarter-to-quarter growth for Tesla.

During the first 3 months of the year, Tesla delivered 50,900 Model 3 vehicles and 12,100 Model S and X vehicles.

That’s a 51% quarter-over-quarter growth and it is even more impressive when compared to the same period last year: 217% year-over-year

Here’s the press release:

Tesla Q2 2019 Vehicle Production & Deliveries

PALO ALTO, Calif., July 2, 2019 – In the second quarter, we achieved record production of 87,048 vehicles and record deliveries of approximately 95,200 vehicles. In addition, we made significant progress streamlining our global logistics and delivery operations at higher volumes, enabling cost efficiencies and improvements to our working capital position.

Production Deliveries
Model S/X 14,517 17,650
Model 3 72,531 77,550
Total 87,048 95,200

Orders generated during the quarter exceeded our deliveries, thus we are entering Q3 with an increase in our order backlog. We believe we are well positioned to continue growing total production and deliveries in Q3.

Customer vehicles in transit at the end of the quarter were over 7,400. Due to the order-to-VIN matching process we described in our Q1 2019 Shareholder Letter, which we extended to Model S and Model X in Q2 to improve process efficiency, this metric has become less relevant. As a result, we do not plan to disclose the customer vehicles in transit metric going forward.

Electrek’s Take

Wow, this is impressive.

Based on how hard Tesla was pushing in the US and the fact that it only seemed that Tesla would be “very close” to its goal in North America, I was expecting a light beat, but not 4,000 units over the previous record.

I’d be very curious to see the split per market for those deliveries. I have a feeling that China might have been a surprising factor.

Either way, it shows strong demand for electric vehicles is possible when you have a compelling product like Model 3.

FTC: We use income earning auto affiliate links. More.

Stay up to date with the latest content by subscribing to Electrek on Google News. You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

Comments

Author

Avatar for Fred Lambert Fred Lambert

Fred is the Editor in Chief and Main Writer at Electrek.

You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com

Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas.