Q2 Tesla sales volume may reach a record level consumer demand is not a problem-Shanghai Metals Market

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Q2 Tesla sales volume may reach a record level consumer demand is not a problem

Translation 12:22:03PM Jun 13, 2019 Source:TechWeb

SMM Network News:

Tesla has said it expects to deliver 90, 000 to 100000 vehicles in the second quarter, but the demand problem remains after a disappointing delivery of 63000 vehicles in the first quarter.

But Mr Musk expressed optimism, saying that 90 per cent of Tesla's new orders came from users who had not previously ordered and 63 per cent of the discounts came from non-high-end products, indicating that users were buying Model 3 at a high price.

"one thing I would like to clarify is that there is no demand problem at the moment," Mr Musk said. In the second quarter, we set records at all levels. "

Mr Musk's comments were welcomed by investors, who continued to push Tesla's shares up 2.5 per cent in pre-market trading after the New York stock market rallied on Tuesday. The company's shares have fallen 35 per cent since the start of the year.

Mr Musk said he expected Tesla's car fleet to grow by 60-80 per cent this year after doubling last year. But he added that rapid expansion would make it harder for the company to stay profitable.

"at this rate of growth, it is difficult to make a profit," he said. We can slow down, but this is not conducive to sustainable development and the development of electric vehicles. "

Mr Musk said Tesla expected to start mass production of Model Y SUV, by the end of next year, with the goal of "building a car factory on each continent".

At present, Tesla does not own many factories, and the only vehicle assembly plant in operation is the one in Fremont, California. Construction of the company's Shanghai plant has begun, but it has not yet been put into operation.

Mr Musk said the company was installing equipment including presses, paint workshops and battery module production lines at its "super factory" in Shanghai, but it did not announce who the battery supplier was.

In addition, Musk said the company is actively looking for sites for European superfactories and hopes to decide on the location of European superfactories by the end of the year.

In addition to the super factory, Musk also revealed at a shareholder meeting that they also plan to build another hybrid plant in Europe that produces both batteries and cars, and the location of the plant is also scheduled to be announced at the end of the year.

He also said the company could enter the mining industry to ensure that it had enough batteries. If you don't have enough batteries, it doesn't make much sense to increase the complexity of the product.

According to Business Insider, this will help Tesla expand his product line-up. As the company's battery production increases, it must consider all parts of the supply chain.

Mr Musk says they will do everything they can to make sure they can expand as fast as they can.

At the shareholder meeting, Mr Musk also reiterated his commitment to have 1 million fully self-driving cars on the road next year, but he used more conservative language and stressed that the company still needed regulatory approval.

Key Words:  Tesla  battery  cobalt lithium  new energy 

Q2 Tesla sales volume may reach a record level consumer demand is not a problem

Translation 12:22:03PM Jun 13, 2019 Source:TechWeb

SMM Network News:

Tesla has said it expects to deliver 90, 000 to 100000 vehicles in the second quarter, but the demand problem remains after a disappointing delivery of 63000 vehicles in the first quarter.

But Mr Musk expressed optimism, saying that 90 per cent of Tesla's new orders came from users who had not previously ordered and 63 per cent of the discounts came from non-high-end products, indicating that users were buying Model 3 at a high price.

"one thing I would like to clarify is that there is no demand problem at the moment," Mr Musk said. In the second quarter, we set records at all levels. "

Mr Musk's comments were welcomed by investors, who continued to push Tesla's shares up 2.5 per cent in pre-market trading after the New York stock market rallied on Tuesday. The company's shares have fallen 35 per cent since the start of the year.

Mr Musk said he expected Tesla's car fleet to grow by 60-80 per cent this year after doubling last year. But he added that rapid expansion would make it harder for the company to stay profitable.

"at this rate of growth, it is difficult to make a profit," he said. We can slow down, but this is not conducive to sustainable development and the development of electric vehicles. "

Mr Musk said Tesla expected to start mass production of Model Y SUV, by the end of next year, with the goal of "building a car factory on each continent".

At present, Tesla does not own many factories, and the only vehicle assembly plant in operation is the one in Fremont, California. Construction of the company's Shanghai plant has begun, but it has not yet been put into operation.

Mr Musk said the company was installing equipment including presses, paint workshops and battery module production lines at its "super factory" in Shanghai, but it did not announce who the battery supplier was.

In addition, Musk said the company is actively looking for sites for European superfactories and hopes to decide on the location of European superfactories by the end of the year.

In addition to the super factory, Musk also revealed at a shareholder meeting that they also plan to build another hybrid plant in Europe that produces both batteries and cars, and the location of the plant is also scheduled to be announced at the end of the year.

He also said the company could enter the mining industry to ensure that it had enough batteries. If you don't have enough batteries, it doesn't make much sense to increase the complexity of the product.

According to Business Insider, this will help Tesla expand his product line-up. As the company's battery production increases, it must consider all parts of the supply chain.

Mr Musk says they will do everything they can to make sure they can expand as fast as they can.

At the shareholder meeting, Mr Musk also reiterated his commitment to have 1 million fully self-driving cars on the road next year, but he used more conservative language and stressed that the company still needed regulatory approval.

Key Words:  Tesla  battery  cobalt lithium  new energy