Elon Musk recently sent a letter to the workers of Tesla, thanking them for the company's "good results." Despite the current COVID-19 pandemic, reports of future unprecedented record performance and limited profits are still unfounded, however.
Electrek claimed last week that following its own plant shutdown, the company will probably be shocked by strong deliveries in the second quarter. Due to the international pandemic that led to certain restrictions, Electrek also observed a slow pace for the first half of the second quarter.
Tesla's earnings
Musk told his staff earlier this week that Tesla could achieve its break in the second quarter, given the continuing challenge. As announced at the time, Tesla was able to supply about 10,000 vehicles in-transit during the last few days of the quarter.
According to a consensus by analysts polled by FactSet, Tesla is expected to supply 72,000 vehicles as of July 1. Foreseen units range from 39,000 to 86,000.
Now that the recent quarter is over and a new one has begun, Musk instantly sent several emails to employees. He thanked each of his employees for their hard work "in such challenging times."
He also noted in the email "how well" everyone worked, particularly amid the COVID-19 pandemic. The millionaire finished his email, saying he's proud to work with everyone.
Tesla production
Tesla will report its production and manufacturing results for the current quarter later this week already to the public. Still, it is unclear if Tesla was able to make a profit given the results of its sales which will most possibly be released later this month.
Automotive revenues decreased in the second quarter after the COVID-19 outbreak resulted in households and companies imposing safety restrictions, mass redundancies, and wage cuts, CNBC reported.
To rekindle the market in North America, Tesla reduced the price of its electric cars by up to 6% in Q2. Pricing improvements have also occurred in China, where its plant in Shanghai returned reasonably fast after a health-related shutdown.
The company also shared their most recent record: making the firm the most expensive car firm ahead of Toyota with a $208 billion valuation.
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Electrek's perspective
Meanwhile, Electrek said they believed they could deliver over 90,000 cars a quarter, which would definitely be surprising given the ongoing global circumstances.
If they can hit an incredible 95,000 deliveries, which may be a challenge, that would be equal to Tesla's own prior second-quarter delivery record.
In comparison, Tesla tends to be in favor of a dip in overall sales in the second quarter as opposed to other automakers that are already expected to decline by over 20% due to the ongoing pandemic.
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