Hello and welcome to the Tuesday July 2nd

2019 edition of Tesla Daily on Official Tesla Podcast.

My name is Rob Maower.

Today we are talking about Tesla's Q2,

delivery and production report.

Tesla stock on the day today was down before market close,

1.15% to 225.5 however after market close and the

delivery report Tesla is up 7.1% from there to $240.50.

The delivery report well received thus far and for very good reason.

Tesla delivering a record 95,200 vehicles in Q2, that's up 51% sequentially from Q1, up 134% to last year's Q2, and it beat

Q4 2018 for a new record for deliveries by 4,500 vehicles or 5%. Production, I would say, was also solid. It was up 13% quarter over quarter to 87,048 vehicles. That's up from 77,100 in Q1. It's also up from last year by 63% from 53,339.

And it also eked out a quarterly production record by about 500 vehicles from Q4 2018 or about half a percent.

Under the covers on production, S&X continues to lag.

Not a huge surprise given that the Raven update happened in Q2. Production there was up quarter over

quarter from 14,150 to 14,217, only about a 2.5% increase and trailing behind historical levels near 25,000 vehicles per quarter.

That drop-off in SNX is really the main reason that we're not going to see as strong of financials

in Q2 as what we saw in Q4 2018, for example. the other main reason being declining average selling prices on the

model 3 as lower trims have been introduced on the production end thankfully model 3 was able to increase

pretty significantly,

quarter over quarter, allowing for that record production, despite the drop in S&X.

Model three went from just under 63,000 produced in Q1 to just over 72,500 in Q2, about a 15% increase, that compares to the only 2.5% production

increase that we saw for model 3 sequentially last quarter comparing to Q4.

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