Tesla reported on Thursday a total vehicle delivery of 90,650 units in the quarter ending in June, beating the earlier estimate from Wall Street that the automaker will roll out no more than 72,000 units in the second quarter of the year. The feat was achieved while the company was forced to partially close down its factory in California.
The latest figures represent an upgrade from the March quarter when the assembled units delivered totaled to 84,000. Tesla said the Model 3 and Model Y dominated a huge chunk of the units received by customers in the last three months, summing up to over 80,000 units sold.
The balance was composed of deliveries for the Model S and Model X.
Tesla said in a press release: "While our main factory in Fremont was shut down for much of the quarter, we have successfully ramped production back to prior levels."
Despite the good news, the automaker failed to match the total deliveries made at the close of 2019, which Tesla saw an estimated 112,000 units getting to consumers' hands in the last quarter of that year.
There is little doubt, however, that Tesla is doing better than the rest of the competition. Business Insider said sales of the company surged in the last six months notwithstanding the gloomy outlook for the auto industry.
While the COVID-19 infection is raging and the carmaker had to deal with production challenges, buyers continue to pick up Tesla's EV offerings, and it helped that the company offers a taste of modern technology and luxurious lifestyle.
It seemed that Tesla buyers did not mind paying over $37,000 for the cheapest models of the company, which, in big part, allowed the outpacing of Tesla's closest rivals. As of Thursday, Tesla is now the most valuable carmaker in the world as it dethroned Toyota.
The stock market is another source of good news for Tesla as shares of the company climbed 3.7% to $1,219.02, which CNBC said is the immediate aftermath of the impressive earnings results released by the company.
It is noteworthy that Tesla is rising amid the slump in the U.S. and around the world as the coronavirus outbreak started crippling economies when forced lockdowns have been implemented by governments.
Likely the only sore point in the current Tesla narrative was the insistence by Tesla CEO Elon Musk to resume production activities in California and Texas while lockdown measures are still in effect. The maverick company chief defied the authorities by getting his factories online and earned the ire of health officials.
The Verge said Musk stirred controversy by spreading wrong information on COVID-19 and by insisting to open Tesla factories, he put his workers at risk of contracting the killer virus.
