Tesla CEO Elon Musk predicts record output, sales in 2Q

| | Mountain View (US)
  • 0

Tesla CEO Elon Musk predicts record output, sales in 2Q

Wednesday, 12 June 2019 | AP | Mountain View (US)

Tesla CEO Elon Musk predicts record output, sales in 2Q

Tesla CEO Elon Musk is assuring the company's shareholders that the electric car maker is on pace to set manufacturing and sales records during its current quarter after a disappointing start this year.

The forecast made Tuesday at Tesla's annual meeting provided a ray of hope amid worries about the company's long-term prospects.

Those escalating concerns caused Tesla's stock price to fall to a three-year low of $176.99 last week before bouncing back. The shares climbed more than 3% to $224.40 in Tuesday's extended trading after Musk's prediction.

Tesla's current quarterly records came during the final three months of last year when it manufactured more than 85,500 vehicles and delivered 90,700.

Then Tesla's production and sales slipped during the first three months of this year.

State Editions

Skill development programme held

16 June 2019 | PNS | Ranchi

12 injured in clash between groups

16 June 2019 | PNS | Ranchi

In briefs

16 June 2019 | PNS | Ranchi

Erratic power supply cripples life in city

16 June 2019 | PNS | Ranchi

Sunday Edition

Don’t regulate us for the sake of it: Pichai

16 June 2019 | PTI | Sunday Pioneer

India tops tech visa applications for UK: Report

16 June 2019 | PTI | Sunday Pioneer

India’s flat May fuel demand points to sluggish economy

16 June 2019 | Agencies | Sunday Pioneer

Tanker attack jolts oil-import dependent Asia

16 June 2019 | AP | Sunday Pioneer