Tesla misses Wall Street targets, but logs gains in vehicle production

August 3, 2016 11:05 PM

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Tesla misses Wall Street targets, but logs gains in vehicle production

In a letter to shareholders, Tesla said that it finished the second quarter consistently making 2,000 vehicles per week. For the entire quarter, Tesla produced a record total of 18,345 vehicles, an 18 percent increase over the first quarter and up 43 percent over the second fiscal quarter of 2015. Nearly half of the cars it produced occurred in the final four weeks of the quarter.

Tesla said it delivered 14,402 new vehicles, consisting of 9,764 Model S and 4, 638 Model X, which was higher than the company stated in its July production update.

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