FIRST AIRED: July 2, 2019

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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
Tesla is getting into the fast lane again with its model three it's sedan for the masses beating Wall Street expectations on deliveries in the second quarter investors were relieved about the surprisingly good news and shares of the electric car maker jumped about eight percent in after hours trading Tesla delivered weight over seventy seven thousand model threes Wall Street was expecting just over seventy three thousand deliveries deliveries of all models including model **** in X. were over ninety five thousand vehicles Reuters correspondent Alexandria sage it was very important for Tesla to knock this one out of the park this quarter because of its dismal performance in the first quarter that's the quarter where deliveries plunged because of that Tesla had a seven hundred million dollar loss show Ilan mosque had been telling people it was a possibility that deliveries could be a record number this quarter but of course not a lot of people believed in these numbers however are really robust and going forward Tesla said that in fact borders forthcoming orders had already %HESITATION exceeded deliveries in the second quarter that's very good news and it gives us a path to profitability for this company the company said earlier this year it would turn a profit in the second half of the year and deliver three hundred sixty thousand to four hundred thousand vehicles in twenty nineteen a goal many analysts predict will be difficult to meet