Elon Musk is amazed at the quality of Tesla’s execution in Q2 – possible profit?


Elon Musk emailed Tesla employees today thanking them for “performing well” in the second quarter – prompting rumors of record deliveries and low profits amid the pandemic world.Last week, Electrek Tesla may surprise with strong second-quarter deliveries despite the plant closure and the slowdown in the first half of the quarter due to the global pandemic and restrictions in place to slow the spread.

Earlier this week, we reported that Musk had told its employees that Tesla could break even in the second quarter despite the difficult situation.

As we noted at the time, it depended on Tesla’s delivery of approximately 10,000 vehicles in transit during the final days of the quarter.

Now that the quarter is over, Musk has sent another email to employees thanking them for their hard work “in such difficult times,” but has not confirmed if Tesla broke, as he said. earlier in the week.

However, the CEO said Tesla did well during the quarter.

Here is the full email:

“It’s just amazing how well you performed, especially in these difficult times. I am so proud to work with you! “

Tesla is expected to release its delivery and production results for the quarter later this week and we will not know if Tesla has been able to make a profit before the results, which will likely be later this month.

Taking Electrek

We need to read a little between the lines here, but it sounds good in my opinion.

I still believe Tesla could have delivered more than 90,000 cars in the quarter, which would be surprising under the current circumstances.

If they can reach 95,000 deliveries, which could be a stretch, it would match Tesla’s previous delivery record for a second quarter.

In comparison, most other automakers see a 30% drop in second quarter deliveries due to the global pandemic.

As far as breakeven or possible small profit, I think it’s still a real possibility if they provide this type of volume – plus an increase in the FSD package support rate.

The FSD package could have brought a few hundred million dollars to Tesla in the second quarter.

What do you think? Let us know in the comment section below.

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