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

Other highlights:

  • 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.

Screenshot 2015-08-05 16.33.05

FTC: We use income earning auto affiliate links. More.

Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

About the Author

Seth Weintraub

Publisher and Editorial Director of the 9to5/Electrek sites. Tesla Model 3, X and Chevy Bolt owner…5 ebikes and counting