Tesla has once again missed its delivery target
In fact, deliveries are down from the 14,820 vehicles Tesla delivered in the first quarter of the year which itself missed the target figure of 16,000 cars.
As a result, the Elon Musk-run automaker is well behind the pace required to deliver the 80,000 to 90,000 cars the company forecast for the year.
"Due to the extreme production ramp in Q2 and the high mix of customer-ordered vehicles still on trucks and ships at the end of the quarter, Tesla Q2 deliveries were lower than anticipated at 14,370 vehicles, consisting of 9,745 Model S and 4,625 Model X," the company said in a statement.
According to the Palo Alto-based electric car maker, a total of 5,150 Model S sedans and Model X SUVs were still in transit on their way to customers at the end of the recording period. As a result, the delivery of these vehicles will be included in Tesla's Q3 results.
Although Tesla ended the second quarter of the year by producing 2,000 cars a week, the company expects productivity to improve to 2,200 cars per week in Q3 and 2,400 a week in Q4.
Thus, Tesla expects to deliver roughly 50,000 car in the second half of the year, which the company has pointed out is the equivalent of the total number of cars it shipped to customers in all of 2015.
Based on this projection, Tesla is aiming at the low end of its delivery guidance for 2016.
Shares of Tesla are flat at $216 in weekend trading.