Tesla CEO Elon Musk sent an e-mail to all employees at the EV 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.presentation on Tuesday, where it is expected to reveal new details about its battery and manufacturing technology.
Bank of America research analyst John Murphy who raised his price target for shares of Tesla to $550 earlier this month, wrote in a note ahead of the shareholder meeting: "Overall, we expect news flow with the event will be positive, but given there is so much hype behind the company, it is unlikely to drive a material move in the stock in either direction, in our view."Here's the full e-mail from Musk to Tesla employees.We have a shot at a record quarter for vehicle deliveries, but will have to rally hard to achieve it. This is the most [sic] number of vehicles per day that we've ever had to deliver.
Please consider vehicle deliveries to be absolute top priority. It's also extremely important that we keep factory output as high as possible over the remaining 10 days. This is vital for the California market.
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