Saturday July 20, 2019
Home Lead Story Electric Vehi...

Electric Vehicle Maker Tesla Has Not Met CEO Elon Musk’s Q2 Production Goal

However, despite many missed deadlines and sales figures for previous quarters, the EV maker could be well on its track to having a record sales in Q2, delivering a thousand cars per day on average this month

0
//
Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)
Electric Vehicle (EV) maker Tesla has not met CEO Elon Musk’s second quarter (Q2) record production goal, according to media reports.
“At the end of May, a leaked email reportedly sent by Elon Musk to Tesla employees suggested that the electric vehicle maker had a good chance of making Q2 the highest deliveries and sales quarter in its history.
“An email believed to be sent to all Tesla employees by Musk on May 22 appeared on message boards, after a growing number of investment banks and analysts outlined bear case scenarios for the EV maker,” the Oilprice.com reported on Wednesday.
Charging problems with electric car
Tesla cars recharge at a Tesla station at a shopping center in Charlotte, N.C., June 24, 2017. Buyers of Tesla’s luxury models have access to a company-funded Supercharger network. VOA
The email believed to be sent by the Tesla Chief Executive Officer (CEO) also said that the EV maker needs sustained production of 1,000 Model 3s every day in order to beat the previous record, while its production rate has averaged 900 Model 3s in the third week of May.
However, despite many missed deadlines and sales figures for previous quarters, the EV maker could be well on its track to having a record sales in Q2, delivering a thousand cars per day on average this month, according to a report in the Electrek. (IANS)

Next Story

Elon Musk Becomes Longest Serving CEO in Global Automotive Segment

Musk has repeatedly pushed workers to hit quarterly goals while managing all the extra production and delivery work piling up toward the end of a quarter

0
Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

For many of us, Tesla is a new entrant in the global auto industry but Elon Musk has actually become the longest serving CEO in today’s automotive segment.

The feat was achieved when then-Daimler CEO Dieter Zetsche, serving as the German automaker’s CEO since 2006, retired in May this year, Teslarati reported on Wednesday.

Musk took over as the electric car maker’s CEO in 2008.

Renault-Nissan-Mitsubishi saw veteran CEO Carlos Ghosn quitting over his alleged connection with a high-profile financial scandal.

Last month, Mitsubishi also announced the departure of its CEO Osamu Masuko.

BMW CEO Harald Kruger has also announced his retirement.

Elon Musk, CEO of SpaceX and Tesla. Wikimedia Commons

Many automakers have new CEOs and only Akio Toyoda of Toyota who joined in 2009 is close behind Musk.

Under Musk, Tesla is breaking all records. The electric car-maker achieved a record production of 87,048 vehicles and record deliveries of approximately 95,200 vehicles in the second quarter of 2019.

In the quarter (April-June 2019), Tesla produced new 72,531 Model 3 sedans and delivered 77,550 of those.

Also Read: WhatsApp Messages Can be Traced Without Diluting end-to-end Encryption

In addition, 14,517 new Model SX cars were made and 17,650 of those were delivered.

Customer vehicles in transit at the end of the quarter were over 7,400.

Musk has repeatedly pushed workers to hit quarterly goals while managing all the extra production and delivery work piling up toward the end of a quarter. (IANS)