If the most previous coverage of Tesla was any indication, it goes to show that the electric vehicle (EV) company is ready to take on this second quarter with a lot of gusto. With many drastic changes being implemented in response to a disappointing first quarter, Tesla will do whatever it takes to make a lot of profits.

The company seems to be optimistic about it, too. At least, that’s what it looks like if Tesla CEO Elon Musk’s leaked email is to be believed.

Musk revealed in said email that the EV company has a “good chance” of beating their previous deliveries record. The old record in question was over 90 000, with, with 63 000 of them being Model 3s.

Meanwhile, this past quarter saw only 63 000 deliveries during the first quarter of 2019. This contributed heavily to such a disappointing first quarter result.

Musk said in one leaked email, “In order to achieve this [record], we need sustained output of 1,000 Model 3’s per day. If we rally hard, we can do it!”

Such emails have become quite common within Tesla these days. Considering how poor things seem to be for the EV company, it’s hardly a surprise. Tesla’s stock is currently at a two-year low, creating doubt among Wall Street. The company was forced to raise about $2.7 billion to aid the first quarter of 2019. They were even able to pay off a $920 million convertible bond back in March. Unfortunately, Tesla is still saddled with billions upon billions of dollars in debt that they don’t seem able to pay off anytime soon.

Another email revealed that Tesla would have to make “hardcore” changes in order to not lose whatever money the EV company has left in the bank. This means that there’s going to be more hands-on cost cutting moves made, which has already taken place. So the emails are a mixture of sobering facts interlaced with a little bit of optimism.

 

The second quarter delivery numbers are going to be announced by Tesla sometime in July of 2019. Perhaps these cost-cutting measures and the optimism will pay off by the end of the second quarter. But that’s something that customers, Wall Street experts, critics, and of course Tesla won’t know for quite some time.

 

Sources: Business Insider; The Verge

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