Elon Musk Congratulates Staff in His Letter: Was Tesla Able to Make a Profit Despite the Coronavirus?
Elon Musk recently sent an email to all the Tesla employees thanking them for their "executing well" during this second quarter. There are spurring rumors of possible amazing record deliveries as well as small profit despite the ongoing global pandemic.
Just last week, Electrek suddenly reported that the company could possibly surprise with strong deliveries during the second quarter despite their own factory shutdown as well as a slow first half of the second quarter due to the international pandemic leading to certain restrictions that were placed resulting to a slower pace.
Earlier this current week, it was reported that Musk was telling employees that Tesla could reach break-even in Q2 despite the ongoing difficult situation. As reported during that time, it was pretty dependent on Tesla being able to deliver about 10,000 vehicles in-transit during the last few days of the quarter.
Now that the recent quarter is over and another one begins, Musk had sent out another email towards his employees thanking each one of them for their hard work despite being "in such difficult times", but it was not actually confirmed if Tesla was able to break even like he previously stated it was possible earlier during the week.
The email noted that Elon Musk was amazed at "how well" everyone executed stating especially during "such difficult times". The billionaire ended his email saying that he is proud to be able to work with everyone.
Tesla is already expected to release to the public their delivery and production results for the current quarter later this week and it is still unknown if Tesla was actually able to make a profit despite the earnings results, which is still very likely to happen just later this month.
Electrak shared their opinion about the ongoing situation stating that they believe that Tesla could have possibly been able to deliver over 90,000 cars within the quarter, which would definitely be amazing due to the ongoing global circumstances.
If they are able to reach a whopping 95,000 deliveries, which could possibly be a stretch, it would also match Tesla's own previous delivery record for the whole second quarter.
It was also stated that in comparison to most of the other automakers that are already seeing 30+% drop in their total deliveries in the second quarter which is due to the ongoing global pandemic, Tesla seems to be doing okay.
As for the discussion of breaking even or even landing a possible small profit, Electrak says that this is possible that they were able to deliver that kind of volume along with an increase in their own FSD package take rate.
The FSD package could have potentially been able to bring hundreds of millions to Tesla in the second quarter.
12 New Electric Vehicles Coming Your Way Courtesy of General Motors
The 2019 Sustainability Report of General Motors shared details about 12 of the 20 upcoming EVs promised by the automaker to go on sale by 2023.
Elon Musk Cancels Plans for Standard-Range Version of Model Y, Cuts Price by $3,000
It looks like Tesla won't be making a standard-range version of their Model Y car. To compensate for the cancellation, they have cut the price of the Model Y by a small amount.
Elon Musk is Now Officially Richer Than Warren Buffet
Elon Musk became richer than Warren Buffett after a boom in Tesla stock, which rose as much as 14% on Monday
Elon Musk’s Brain Microchip Neuralink Will Allegedly Cure Depression and Addiction
Elon Musk founded Neuralink in 2016, but what is the purpose of this brain-implanted computer chip? Musk has revealed additional details that you may find interesting.
Time to Get an EV? Electric Vehicle Owners Will Soon Get Paid for Charging Their Car
If you're thinking of investing an electric vehicle, now is the time to do so as electric vehicle owners will soon be paid for charging their car into the grid.
CEO Peter Beck’s Apology Has Elon Musk and Other Competitors Support After Launch Failure
After the failure of the 13th attempt to reach orbit with Electron, Rocket Labs CEO Peter Beck has given out a public apology on Twitter. This has led to competitors, which include Elon Musk, to offer their support.
MORE IN ITECHPOST
At-Risk Mental Health for Students: Developing Resilience Among Students amid the Coronavirus Pandemic
At-Risk Mental Health for Students to help students struggling with their mental health, especially now amid the pandemic. It focuses more on developing students' resilience.
Tech Leaders and Health Authorities Join Forces, Launch New Initiative to Help Fight Pandemic and Future Epidemics
Two contact tracing apps have been successfully launched recently in Canada and Ireland. The open-source code underlying these apps has been contributed to a newly launched initiative to help other countries and U.S. states in the fight against the pandemic.
Fairy Tail Game Releases a Season Pass, a Week After It Was Launched
The anime RPG Fairy Tail from Koei Tecmo has just released a season pass that will release additional characters and content into the game, just a week after it was launched.