Tesla reports Q2 delivery and production figures, beating estimates
Tesla exceeded Q2 2024 delivery estimates with 443,956 vehicles, surpassing 438,019. Despite lower numbers than Q2 2023, 410,831 vehicles were manufactured. Record energy storage deployment noted. Stock rose 9.71%.
Read original article
Tesla exceeded Wall Street estimates by delivering 443,956 vehicles in Q2 of 2024, surpassing the expected 438,019 deliveries. Despite this achievement, the numbers were lower compared to Q2 of 2023 when over 466,000 vehicles were delivered. The company also disclosed that 410,831 vehicles were manufactured during the quarter. Notably, Tesla set a new record by deploying 9.4 GWh of energy storage products in Q2. Although reaching the 2 million vehicle delivery target for the year seems ambitious, the company's stock saw a 9.71% increase in pre-market trading, reaching nearly $220 per share. Investors have experienced a 19% surge in Tesla's stock over the past month. Tesla is scheduled to release its Q2 financial results on July 23, 2024, after the market closes, with an accompanying Shareholder Deck and Earnings Call.
Related
SpaceX Tender Offer Said to Value Company at Record $210B
SpaceX plans to sell insider shares at $112 each, valuing the company at $210 billion, surpassing previous valuations. This move highlights strong investor interest in Elon Musk's space venture, positioning SpaceX as the second-highest valued private company.
CATL expects its batteries to power electric aircraft with up to 3,000 km range
Contemporary Amperex Technology Co Ltd (CATL) advances electric aircraft project, targeting 2,000-3,000 km range by 2027-2028. Successful test flight of 4-ton model, plans for 8-ton version. Utilizes high-density Condensed Battery. Collaboration with China's aircraft maker for safety and quality standards. Transitioning from small to larger planes in line with sustainable aviation trend.
Nyobolt charges car to 80% in under 5 mins
A UK start-up, Nyobolt, unveiled a fast-charging electric car battery charging from 10% to 80% in 4 minutes and 37 seconds. The breakthrough targets reducing "range anxiety" and accelerating EV adoption. Nyobolt plans collaborations with car manufacturers to implement the technology. Other companies like Toyota and Gravity are also advancing in fast-charging battery technology. Experts stress the necessity of a strong charging infrastructure for widespread EV use.
EVs still have major quality problems, and it's mostly about the software
Electric vehicles (EVs) are plagued by software-related quality problems, surpassing internal combustion vehicles in issues per 100 vehicles. Tesla's user experience is affected by design changes, aligning it with legacy automakers. The shift to high-tech EVs brings consumer frustrations with software integration.
Wind and solar are 'fastest-growing electricity sources in history'
Wind and solar energy are rapidly growing, surpassing other electricity sources. They prevent increased emissions but need faster expansion to meet rising energy demands sustainably, especially with solar's cost-effectiveness and challenges in generation growth.
2 commentshttps://news.ycombinator.com/item?id=40856376 Tesla reports 443,956 deliveries in Q2, a 4.8% decrease from last year (cnbc.com)
Related
SpaceX Tender Offer Said to Value Company at Record $210B
SpaceX plans to sell insider shares at $112 each, valuing the company at $210 billion, surpassing previous valuations. This move highlights strong investor interest in Elon Musk's space venture, positioning SpaceX as the second-highest valued private company.
CATL expects its batteries to power electric aircraft with up to 3,000 km range
Contemporary Amperex Technology Co Ltd (CATL) advances electric aircraft project, targeting 2,000-3,000 km range by 2027-2028. Successful test flight of 4-ton model, plans for 8-ton version. Utilizes high-density Condensed Battery. Collaboration with China's aircraft maker for safety and quality standards. Transitioning from small to larger planes in line with sustainable aviation trend.
Nyobolt charges car to 80% in under 5 mins
A UK start-up, Nyobolt, unveiled a fast-charging electric car battery charging from 10% to 80% in 4 minutes and 37 seconds. The breakthrough targets reducing "range anxiety" and accelerating EV adoption. Nyobolt plans collaborations with car manufacturers to implement the technology. Other companies like Toyota and Gravity are also advancing in fast-charging battery technology. Experts stress the necessity of a strong charging infrastructure for widespread EV use.
EVs still have major quality problems, and it's mostly about the software
Electric vehicles (EVs) are plagued by software-related quality problems, surpassing internal combustion vehicles in issues per 100 vehicles. Tesla's user experience is affected by design changes, aligning it with legacy automakers. The shift to high-tech EVs brings consumer frustrations with software integration.
Wind and solar are 'fastest-growing electricity sources in history'
Wind and solar energy are rapidly growing, surpassing other electricity sources. They prevent increased emissions but need faster expansion to meet rising energy demands sustainably, especially with solar's cost-effectiveness and challenges in generation growth.