Tesla (TSLA) shares are down after Electrek says it may miss its 2Q delivery target

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TSLA – Tesla falls after Electrek reported it may miss second quarter target.

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(Reuters) – Shares of Tesla Inc fell 1.3% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter and may miss its quarterly target.

Chief Executive Officer Elon Musk had said last month that the company was on course to deliver a record number of cars in the quarter, beating the 90,700 it sent to customers in the final quarter of last year.

Tesla did not immediately respond to a request for comment. Electrek did not give any delivery number for international markets for the quarter.

It has over 12,000 additional orders as well and Tesla could end the quarter by delivering 61,000 vehicles in North America, the report said, citing sources inside the company.



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Tesla, Inc. (TSLA - Get Rating) shares rose $0.99 (+0.45%) in after-hours trading Tuesday. Year-to-date, Tesla, Inc. (TSLA - Get Rating) has declined -33.97%, versus a 17.42% rise in the benchmark S&P 500 index during the same period.


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