Elon Calls the Q3 Tesla's Toughest Quarter in Global Logistics
Today Elon Musk tweeted thanking Tesla employees for great deliveries, but also called the quarter "one of the toughest in global logistics," leaving many questions unanswered.
"Thanks, Tesla Team for great work on deliveries! For new owners, we super appreciate accommodating us on delivery timing! Definitely one of our toughest quarters in global logistics," Elon Tweeted this afternoon in a tweet, which leaves more questions than answers.
Thanks Tesla Team for great work on deliveries! For new owners, we super appreciate accommodating us on delivery timing! Definitely one of our toughest quarters in global logistics.
— Elon Musk (@elonmusk) September 26, 2020
"It is currently unclear what logistics problems Musk is referring to, but it is good to hear the team was able to overcome them," writes Tinsae Aregay, one of Torque News Tesla reporters.
In a leaked internal memo just 6 days ago Elon Musk had written to Tesla employees saying, they have a shot at record deliveries. And to have him thanking the team so soon and with 4 days still remaining to the quarter, this bodes well for Tesla’s prospects of hitting record deliveries and achieving profitability.
Tesla has also been implementing other tactics to ensure profitability for this quarter. The company brought back Enhanced autopilot for a limited time offering with the option to expire on September 30. Which coincidentally enough is also the end of the quarter.
But this wasn’t the only move Tesla implemented. The company also offered an acceleration boost for long-range all-wheel-drive Model Y owners. The upgrade comes as an over the air update and will cost $2000 to bring down the 0 to 60 time from 4.8 seconds to 4.3 seconds.
Tesla in the first half of the year has delivered a little over 179,000 cars. But, despite a worldwide pandemic, the company reiterated its plans to deliver 500,000 vehicles in 2020. This means Tesla will have to deliver a little over 320,000 cars in the last 6 months of the year.
I also asked our Torque News community in our channel's Community page as to what they think Elon's tweet means and here are some interesting answers.
"Torque News I think because they are growing too quick on the demand spectrum and the team met that third quarter with success," writes Aleksey Chernyshov.
"Torque News, tough on global logistics probably because of the Virus distribution, global logistics will be heavily impacted (large demand throughout all delivery services, unusual and unpredictable logistics generally in all industries). But 100% that is a positive comment by Elon that gives the impression that targets have been met despite global logistical setbacks," writes James Carter.
And Veikko Immonen thinks Tesla employees "Passed internal targets."
What about you? What are your thoughts about Elon Musk's Tweet?
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.