In a leaked email from Tesla CEO Elon Musk to company employees, the billionaire CEO has asked to accelerate the deliveries to register another record deliveries in Q3 2020.
If the party on Wall Street so far wasn’t enough for Tesla Inc (NASDAQ: TSLA) investors, there’s more to come. A leaked email from Tesla CEO Elon Musk to employees suggests that the American automobile giant and electric car maker is heading for another ‘record deliveries’. Leaked by a Tesla fan site Tesmanian, the email from Musk notes:
“We have a shot at a record quarter for vehicle deliveries, but will have to rally hard to achieve it. This is the most number of vehicles per day that we’ve ever had to deliver. Please consider vehicle deliveries to be absolute trop 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.”
Tesla is making all efforts for the Q3 2020 push with just 10 days left. Moreover, the California vehicle deliveries over the last few weeks have got the delivery-numbers rolling. Currently, Tesla entirely owns its entire distribution cycle, unlike other automakers who have dealership programs.
Tesla came back from the brink last year in 2019 by working on its production output. Until mid-2019, Tesla received a lot of flank from the community for the lack of its production output against demand. But in Q4 2019, Tesla registered its last record deliveries of 112,000 in a quarter.
However, over the last 12 months, there has been no looking back for the company. Earlier this year, Tesla announced its gigafactory in Shanghai taking the critics by storm. Moreover, the company continues to witness a massive demand despite a slowdown in the automobile industry. Beating all odds with the government lockdown in Q2, Tesla still has managed to beat street expectations consistently.
Tesla (TSLA) Stock Gains 5% and May Go Higher after the Leaked Email from Musk
Last Friday, Tesla (TSLA) stock surged 4.5% closing at $442. Today in the pre-market it is up another 0.83%, at $445.80. TSLA stock has been the top-performer on Wall Street for 2020. The TSLA stock price surged nearly 350% year-to-date making it the largest automobile company on the planet.
At press time, Tesla valuations stand at a whopping $412 billion which is more than the combined market cap of Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), and other big giants. Well, if Tesla manages to register another record deliveries, we can see its share price skyrocketing easily above $500.
If anything that investors would let to bet on, it would be worth to bet on the gutsy Tesla CEO Elon Musk. Musk is the crusader when it comes to electric-vehicle mobility and getting it to the mainstream.
Elon Musk is all set to announce the company’s latest innovations on Tuesday, September 22, also called “Battery Day”. Musk tweeted last week that they would be announced “many exciting things” tomorrow. So fasten up your seat belts to possibly witness another rally in the TSLA stock.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.