Tesla CEO urges employees to 'catch up' to hit delivery record

(Reuters) - Tesla Inc has 'a lot of catching up' to do but still can achieve a record quarter, Chief Executive Officer Elon Musk wrote in a new email that was reviewed by Reuters.

Reuters May 30, 2019 02:07:10 IST
Tesla CEO urges employees to 'catch up' to hit delivery record

Tesla CEO urges employees to catch up to hit delivery record

(Reuters) - Tesla Inc has "a lot of catching up" to do but still can achieve a record quarter, Chief Executive Officer Elon Musk wrote in a new email that was reviewed by Reuters.

"While our demand is strong, we have a lot of vehicle deliveries to catch up to in order to have a successful quarter," Musk wrote in the mail.

"Per my earlier email, if we execute well, Q2 will be an all-time record for Tesla vehicle deliveries and an awesome victory!!"

Tesla was on course to deliver a record number of cars in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, Musk said in an internal email last week.

The company, which has struggled to keep up with Musk's delivery promises, had on average produced 900 Model 3 cars per day last week, according to last week's email, bringing it closer to a target of 7,000 per week.

Musk in the latest email said he will start holding calls with Tesla's delivery teams around the world every two days in order to know "what's needed to accelerate our rate of deliveries."

Demand for Tesla's Model 3 sedan and other cars has moved to the top of investors' list of worries after the company reported slack first-quarter demand against a backdrop of U.S.-China trade tensions.

Tesla did not immediately respond to a request for comment.

News website Electrek had earlier reported about Musk's leaked email to the employees.

Tesla's shares closed up nearly 1% at $189.86.

(Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

France, Germany to agree to NATO role against Islamic State - sources
| Reuters
World

France, Germany to agree to NATO role against Islamic State - sources | Reuters

By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States

China's Xi says navy should become world class
| Reuters
World

China's Xi says navy should become world class | Reuters

BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.