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Tesla President Elon Musk will speak at the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019.
Frederic J. Brown | AFP | Getty Images
Tesla ended Thursday its second best day of the week on the stock market after announcing a record number of sales.
The stock closed up 4.8%, adding more than $ 1.6 billion to its market capitalization, which now stands at $ 36.4 billion. Thursday was Tesla's fifth best performance in 2019. His best day of the year was Tuesday, as the title had soared more than 8%, rising after weeks of worry among investors who questioned the financial health of the company. The title is also on the rhythm of its best week since October 2018.
According to information provided by Electrek, Tesla shares have revealed to North American sales and delivery officials that Tesla has already delivered 33,000 vehicles to the region this quarter. This accounts for more than half of the company's deliveries in the first quarter of 2019, when it delivered 63,000 cars, which is below the consensus estimates of analysts of 76,000.
According to Electrek, the executives said they wanted to match this figure only in June, and Tesla will offer substantial bonuses to sales and delivery employees, if any. Sales employees would receive a bonus of $ 1,200 and deliverymen $ 550 if the company achieved its goals. According to Electrek, these figures could be doubled if they make 3,000 additional deliveries in the month.
President Elon Musk said the incentives were a radical change from the "drastic" cost-cutting measures, although the company has to take action despite the release of $ 2 billion in new funds. Musk said the funding would only last 10 months to the company if it maintained its spending, and that the new measures would be so strict that it would "personally review and sign every ten pages" of outgoing payments.
According to Electrek, a call source including executives said Tesla had delivered 2,512 cars to North America in June and that it had planned 10,000 additional deliveries as well as nearly 6,000 orders corresponding to an identification code, but not yet programmed.
Tesla's stock has turned around as it seems to be moving closer to its delivery and production targets. Musk had previously indicated in an email to employees late last month that Tesla was about to reach its production targets for the quarter.
However, the company is still facing external threats, such as the potential impact of tariffs in China. Last month, Gene Munster, co-founder of Loup Ventures, estimated that shipments to China would drop from 70,000 to 40,000 vehicles, with some Chinese consumers likely to avoid the brand.
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