DETROIT (AP) — Elon Musk is telling employees at Tesla that the company is close to a quarterly record for deliveries as it nears the end of the April-through-June period. The CEO of the electric car company said in an internal memo this week that Tesla has enough orders to set a record, but it's having trouble shipping vehicles to the right locations.
He says Tesla will set a record if everyone goes all out before the quarter ends Sunday. Wall Street will be watching.
Shares of Tesla are down more than 30 percent this year with investors concerned about demand. In the first quarter Tesla delivered only 63,000 vehicles, a 31 percent drop from a record 90,700 in last year's fourth quarter.
Tesla still expects to deliver 360,000 to 400,000 vehicles this year.