Tesla posts better than expected second quarter sales image

Tesla Motors, the youngest publicly traded US automaker, recently told investors that it sold 11,507 Model S luxury electric sedans during the April to June quarter, with deliveries jumping 52 percent from the same period last year.

Back in 2014 during the same quarter Tesla only delivered 7,579 Model S limousines – the company’s only model currently – and the second quarter figure is also 15 percent above the deliveries registered in the first three months of the year – 10,045 units were sold from January to March. Since the company overtook its own guidance of 10 to 11,000 units by a nice margin, the company stock has gone up to around $278, not very far from its all-time high of $291. Analysts now root for an increased revenue of $1.15 billion for the quarter and the shares have jumped around $20 these past few days as expectations for a positive financial result are high. Interestingly, just around $50 million in revenue has added around $2.5 billion to the automaker’s market capitalization.

Tesla’s own goal for the year is to sell 55,000 autos – and so far it has sold 21,552 Model S sedans. Assumptions go for sales of the model reaching 13,500 units during the third quarter and 15,000 during the final one, which are rather spectacular rises. And the company would still need to deliver around 5,000 units of the not yet on sale Model X crossover. The company said the SUV would start deliveries late during the third quarter, so a lot has going for a rather steep goal for a newly introduced niche product.

Via Forbes