Tesla Is Immediately Downward $8.00 (Tsla)

Talk nigh mystery/history. Here's the press release:

Tesla Q2 2018 Vehicle Production together with Deliveries
PALO ALTO, Calif., July 02, 2018 (GLOBE NEWSWIRE) -- In the concluding vii days of Q2, Tesla produced 5,031 Model 3 together with 1,913 Model southward together with X vehicles.

Q2 production totaled 53,339 vehicles, a 55% increase from Q1, making it the most productive quarter inwards Tesla history yesteryear far. For the showtime time, Model 3 production (28,578) exceeded combined Model southward together with X production (24,761), together with nosotros produced almost 3 times the sum of Model 3s than nosotros did inwards Q1. Our Model 3 weekly production charge per unit of measurement besides to a greater extent than than doubled during the quarter, together with nosotros did together with thence without compromising quality.

GA4, our novel General Assembly work for Model 3, was responsible for unopen to 20% of Model 3s produced concluding week, alongside lineament from that work beingness equally practiced equally our regular GA3 line. We facial expression that GA3 lonely tin achieve a production charge per unit of measurement of 5,000 Model 3s per calendar week soon, exactly GA4 helped to larn us at that spot faster together with volition besides assist to move on that rate.

Tesla expects to increase production to 6,000 Model 3s per calendar week yesteryear belatedly adjacent month. We besides reaffirm our guidance for positive GAAP cyberspace income together with cash menses inwards Q3 together with Q4, despite negative pressures from a weaker USD and likely higher tariffs for vehicles imported into PRC equally good equally components procured from China.

Q2 deliveries totaled 40,740 vehicles, of which 18,440 were Model 3, 10,930 were Model S, together with 11,370 were Model X. Model southward together with X deliveries are inwards work alongside our guidance provided on May 3. As nosotros previously noted, nosotros are inwards the procedure of changing the quarterly production designing of those vehicles for the diverse worldwide regions to ensure a to a greater extent than linear menses of deliveries through the quarter. Both orders together with deliveries for Model southward together with X were higher inwards Q2 than a yr ago. Our overall target for 100,000 Model southward together with Model X deliveries inwards 2018 is unchanged....MORE

$334.70 last, downwards $8.25

Earlier:
Tesla Produced 7000 cars inwards 7 days (TSLA)