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BRIEF-Tesla Motors says produced 18,345 vehicles in Q2, up 20 pct from Q1

Published 2016-07-03, 01:46 p/m
© Reuters.  BRIEF-Tesla Motors says produced 18,345 vehicles in Q2, up 20 pct from Q1
TSLA
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July 3 (Reuters) - Tesla Motors Inc TSLA.O :
* Produced 18,345 vehicles in Q2, an increase of 20% from Q1
* Due to steep production ramp, almost half of quarter's
production occurred in final four weeks
* In total, Tesla expects to produce and deliver about
50,000 vehicles during second half of 2016
* Due to extreme production ramp,high mix of
customer-ordered vehicles still on trucks and ships at end of
quarter, deliveries lower than anticipated
* Tesla Q2 2016 vehicle production and deliveries
* Exited quarter consistently producing just under 2,000
vehicles per week
* Tesla expects output to reach 2,200 vehicles per week in
Q3 and 2,400 vehicles per week in Q4
* Tesla Q2 deliveries were lower than anticipated at 14,370
vehicles, consisting of 9,745 model s and 4,625 model X
* In total, 5,150 customer-ordered vehicles were still in
transit at end of quarter and will be delivered in early Q3

Source text for Eikon: ID:nMKWKqq2pa
Further company coverage: TSLA.O

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