Elon Musk to Tesla employees: company has to “rally hard” to achieve record deliveries in the third quarter.
Musk, and sometimes other Tesla execs, typically send “everybody” emails in the final week of the quarter, many of which leak to the press. Doing this helps encourage employees, internally, and manage investor expectations externally, as Tesla approaches its deadline for vehicle production and deliveries. Like other automakers, Tesla reports these numbers on a quarterly basis ahead of earnings.
On Sunday evening, Tesla CEO Elon Musk sent an email to all employees at the electric vehicle maker saying the company would have to “rally hard” to hit “record deliveries” for the quarter.
According to a survey of analysts by FactSet, Wall Street expects Tesla to report vehicle deliveries of 144,000 for the quarter. The estimates range from 123,000 to 190,000.
Earlier this year, the company offered guidance that it would deliver 500,000 electric vehicles in 2020, and it has not changed that number. However, in its filings, Tesla has revised its tone, and stopped saying it would “comfortably exceed” 500,000 deliveries in 2020.
Tesla will hold its annual shareholder meeting and a “battery day” presentation on Tuesday, where it is expected to…
Read full article