Tesla Motors Inc. has been making headlines, but not for a good reason. This time, it’s about the company’s financial situation. According to a report released on Sunday, Elon Musk’s business did not meet the delivered cars goal in the second quarter.
The report says the company released 14,370 cars in the market between April and June, and the original objective was to deliver 17,000 units during that period.
The organization did not manage to reach its goals in the first quarter of the year, and the spokesperson said it was due to the supply chain. The providers had delays which let the factory without the means to manufacture enough cars for the demand, especially the Tesla X.
Musk’s company failed to achieve the goal for the second time this year, and according to the reports, the problem was the shipments. According to a statement released by the company, more than 5,000 cars were still in transit when the second quarter report was made, and those units will meet their new owners at the beginning of the next quarter.
“Due to the extreme production ramp in Q2 and the high mix of customer-ordered vehicles still on trucks and ships at the end of the quarter, Tesla Q2 deliveries were lower than anticipated at 14,370 vehicles, consisting of 9,745 Model S and 4,625 Model X,” reads the statement made by Tesla Motors. “In total, 5,150 customer-ordered vehicles were still in transit at the end of the quarter and will be delivered in early Q3.”
Both critics and customers seem to love Tesla cars
A tragic loss https://t.co/qrRa3PZrBx
— Tesla (@TeslaMotors) June 30, 2016
Even though the company is undergoing a federal investigation due to a traffic accident, and there is a lot of controversy around financial decisions which are making noise among the company’s shareholders, both the public and specialized media think they are doing a good job.
A lot of people are concerned about climate change, and the impact human beings are having on the environment, so they are looking for green solutions. On Tesla’s website, there are countless stories collected from satisfied clients who are entirely happy with their models.
Moreover, Statista did a survey including more than 1,500 adults in the United States. 33,9% of them thought Tesla was the car company regarding technology and innovation, followed by Mercedes-Benz, Toyota, and Ford. Also, a lot of car-review media has given the thumbs up to Tesla’s cars. ARS Technica, Motor Trend, Car and Driver and Auto Blog, among others, have openly praised what the company has been doing.
— Times of India (@timesofindia) July 2, 2016
As of now, the company has three main products on the market, the Models S, X and 3. Even though the first two has been well received by critics, a more affordable Model 3 has found success in the market since its release. In fact, the cheapest of them all has already reached more than 500,000 requests for shipments.
Elon Musk said in an interview about the Solar City purchase plans that Tesla Motors, INC was going to reporting profits in the second half of 2016.
Source: Huffington Post