Tesla just delivered its shareholder letter where it announced quarterly sales of over 11,000 vehicles. Some highlights: • Record quarterly deliveries of 11,532 vehicles • Produced a record 12,807 vehicles, exceeding plan while improving efficiency • Introduced new Model S variants that improve range, performance and value • Model X remains on track for start of deliveries in late Q3 • Tesla Energy deliveries set to ramp in Q4
- Model 3 is due late 2017 but the design will be revealed i nthe 1st quarter of 2016 (that’s soon!)
- Q2 Revenues, $1.2B vs $1.17B expected
That didn’t stop the stock from sliding in after hours trading down over 8% on the news. The reason? Tesla Motors $TSLA Q2 Non-GAAP Earnings Per Share (EPS), ($0.48) vs ($0.59) expected.