About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, July 25, 2019

Model 3 Motoring for Tesla

Tesla reported a 59% year-on-year increase in sales for the second quarter to 6.35 billion US dollars, as shipments of its Model 3 vehicle leapt 321%. "This is an important milestone as it represents rapid progress in managing global logistics and delivery operations at higher volumes," said Elon Musk, Tesla's CEO. "Local production and improved utilisation of existing factories is essential to be cost competitive in each region. We remain on track to launch local production of the Model 3 in China by the end of the year and Model Y in Fremont by fall of 2020. We are also accelerating our European Gigafactory efforts and are hoping to finalise a location choice in the coming quarters. We are working to increase our deliveries sequentially and annually, with some expected fluctuations from seasonality. This is consistent with our previous guidance of 360,000 to 400,000 vehicle deliveries this year." source: Tesla statement 

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