Telsa on the slow road…

Tesla Motors (TSLA) delivered 14,370 vehicles in the second quarter, the electric car maker reported Sunday, far below its own forecast, blaming its “extreme production ramp.”

Tesla also said it expects to deliver 50,000 vehicles in the second half of the year, implying a 2016 total of 79,180 vehicles. That’s below its prior guidance for 80,000-90,000…

The Q2 deliveries and production report will fuel skepticism that it can produce 500,000 vehicles, at a high level of build quality by 2018.

Might get another chance at $187 this week.


Several reporters seem to delight in leaving out context … like the number of cars actually built, the back loaded nature of the build rate, and the number of cars which are built, but not yet delivered to the customer, so that Tesla doesn’t count them. It really sounds very different than it is without that context.