For Tesla, the one for 2019, it wasn't a good beginning to the year, but it seems the automaker is recovering in fashion. For Q2 2019, Musk's firm announced two documents: one for manufacturing, the other for deliveries. In particular, Tesla manufactured 87,048 electric cars, delivering 95,200 over the specified 3-month period.
For the American manufacturer, these are two significant increases, considering that the company had produced 77,100 vehicles in the previous quarter and delivered 63,000. The benefits over the same period last year, when Tesla was able to generate 53,339 vehicles and supplied only 40,740, are even more obvious. However, in relation to the increasing interest in electric cars in Europe and Asia, the firm did not clarify the reason for the rise, but likely affected the accessibility of Model 3 in the United Kingdom.
Model 3 was Tesla's excellent growth protagonist. Of the manufacturer's 95,200 vehicles, 77,550 were Model 3, the remaining Model S and Model X (17,650). However, the figures do not tell whether the higher number of vehicles manufactured and supplied has caused the business to profit, but Tesla has stated that optimizing logistics and distribution processes has helped satisfy client demand while keeping expenses under control.
This could be the start of a brighter future for the American producer, a very significant (and long-awaited) news particularly after last year's tax incentives expired. What is certain is that to sing victory is still too early, but shareholders have reacted favorably to the news, bringing the share value of the company to nearly + 7 percent in the pre-market.