But first, why this timeline matters.
Tesla's Model 3 sedan was the best-selling electric vehicle in the USA during the first half of 2019, according to estimates from the electric-vehicle website InsideEVs. After its record-breaking performance, the Chief Executive Officer of Tesla took to Twitter and spoke about an existing service named Tesla Direct that could be used to boost deliveries. Feel free to include Canada or not, it doesn't change anything in the delivery volume in any meaningful way. Based on the higher than expected deliveries, we are raising our Q2 EPS estimate to -$0.17 from -$0.78. In addition, Tesla delivered 16,575 Model X luxury/performance minivan/crossovers and 14,925 Model S luxury/performance sedans. Last year's sales were apparently also affected by the drop in tax credits for Tesla buyers. The same design elements are passed on from the Model S to the Model 3. That exceeded the electric-car maker's previous quarterly delivery record of 90,700 vehicles, set during the fourth quarter of 2018, and represented a major increase over the first quarter of this year, when Tesla delivered 63,000 vehicles. Six months have already passed, and Tesla only delivered slightly over 158,000 units.
Of course the Tesla short sellers won't believe a word of it and will continue their gloom and doom scenario while Tesla continues to mop the floor with the competition. This helps to keep the lagging demand in the USA a bit tighter.
Though it's easy to poke fun at Elon Musk's online shenanigans, there's no denying that he was able to revolutionize the auto industry in a relatively short period of time.
Tesla noted in a blog post that the Model 3's active safety features were the results of the company's initiative to utilize the data gathered from its fleet of vehicles, which allowed the company to understand how drivers behave in dynamic scenarios on the road.
"Model 3, right now, that's the lynch pin in terms of the growth going forward", he said.
The Tesla Model S was fifth in JATO's list with 48,000 sold in 2018.
"The Tesla Model 3 achieved one of the highest Safety Assist scores we have seen to date". The company prefers to give the impression that the Model 3 is priced lower than it actually is.
Tesla's competition during the first-half of this year was miles behind it in USA sales. The Model 3 previously launched for U.S. buyers in 2018, after taking reservations for years. One predicted the stock could soon close below $32 per share! At least the smart ones.