Tesla did not succeed in delivering 100,000 cars to customers last quarter. CEO Elon Musk said last week that the maker of electric cars had a good chance of exceeding that symbolic number. He even spoke of an important milestone, which is why the final figures are a hefty damper for the company.
Deliveries remained at 97,000. That is more than the 95,000 items that Tesla delivered in the previous period but not exciting.
The Tesla share fell sharply on Wednesday in the American aftermarket. Tesla is known for sometimes having difficulty delivering cars to customers on time. That is why last week’s words were seen by most investors as a hopeful signal.
About the author: Matthew Johnson
Matthew Johnson, a small tech business owner retired and found his passion in journalism.