8chan/8kun QResearch Posts (1)
#6900372 at 2019-07-02 22:20:08 (UTC+1)
Q Research General #8826: Flyovers & Fireworks Edition
Tesla Shares Spike 8% On Record Deliveries And Record Production In Q2 2019
this is not a qtrly report it's just them saying "we delivered the vehicles".
Tesla released its Q2 delivery and production numbers after the bell on Tuesday, posting record production of 87,048 vehicles and record deliveries of approximately 95,200 vehicles.
In its release, the company also says it "made significant progress streamlining [its] global logistics and delivery operations at higher volumes, enabling cost efficiencies and improvements to [its] working capital position."
In addition, the company also offered positive guidance for its Q3, claiming that its backlog had increased:
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.
At least for now, it turns out that Tesla's "leaked" emails touting the good news well in advance were both true, and not yet priced in by the market. Shares are up by more than 8% in the aftermarket session on the news.
Possibly as important as what the release included may be what it excluded, as Mark Spiegel noted on Twitter.
The following sentence was in the $TSLA Q1 deliveries report. It's missing from today's Q2 report:
"We reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019."
- Mark B. Spiegel (@markbspiegel) July 2, 2019
The company appears to have staved off its critics for now - but no sooner are these numbers released than the market will be eagerly awaiting the accompanying Q2 financials.
https://www.zerohedge.com/news/2019-07-02/tesla-shares-spike-8-record-deliveries-and-record-production-q2-2019
and nevermind this too
Peter Hochholdinger and Jan Oehmicke leave Tesla
Two high-flying German executives exit the Californian company.
Two prominent departures within a few days - After production manager Peter Hochholdinger (formerly with Audi) left Tesla to join Californian rival Lucid Motors, Tesla's head of European operations Jan Oehmicke (formerly with BMW) is also leaving.
Firstly, just days ago, news broke about the surprising departure of Tesla production manager Peter Hochholdinger (photo left) who is moving to Lucid Motors where he is supposed to create the next production miracle - but more about that shortly.
Today, news of the second surprise exit leaked - Tesla's European head Jan Oehmicke is also leaving the Californian carmaker. According to sources cited by Electrek, a successor for Oehmicke has already been found: Sascha Zahnd, Vice President Global Supply Chain at Tesla, is to replace Oehmicke as head of Europe. The Swiss Zahnd has been with Tesla since 2016, having previously worked for the Swatch Group and Ikea.
https://www.electrive.com/2019/07/02/peter-hochholdinger-and-Jan-Oehmicke-leave-tesla/