Tesla’s Q2 sales results are in as the firm’s stock continues to surge

By B. O’Hare

Tesla’s Q2 results are in, with the company selling 90,650 vehicles in the second quarter of 2020. That figure is above expectations – many market experts predicted sales of around 60-70k. Of the 90,650 Teslas sold, only 10,600 were S/Xs whilst an astounding 80,050 were Model 3/Ys. In terms of production, when it comes to the Model S and X just 6,326 were produced from April through June meanwhile a total of 75,946 Model 3s and Ys were built in that same period.

This comes as Tesla stock continues to skyrocket, with a share price of around $1,100 at time of writing. With the report Tesla did not state their profits for the Q2 period but will likely do so in the coming weeks. It will certainly be interesting to see if they managed to break-even or perhaps even made a profit – if they did so it would be a fantastic achievement given the current circumstances. Thoughts?