Tesla shares jumped 4.35% higher in early trading on Tuesday, reaching $288.02 a share after the discovery of an internal memo hinting at an end-of-quarter sales push.
Electrek reported that the memo urged employees, even those outside the sales and delivery departments, to provide additional support for the deliveries and said it expects to see a “very high volume” of deliveries over the next few days.
“We will be delivering a very high volume of vehicles to eagerly waiting customers during the final days of Q3. To help ensure we can delight as many customers as possible, the delivery team is requesting additional support with key delivery-execution tasks,” the memo read.
The “key delivery-execution tasks” could relate to moving vehicles around, preparing them, delivering them directly to customers, and answering customer questions on delivery day.
Tesla’s gigafactory in Shanghai recently returned to typical production rates, causing a significant jump in sales in China for the EV maker. The company is expected to report between 350,000 and 370,000 cars for the three months ending in September.
Tesla has forecasted full-year delivery growth of around 50% over 2021 and has set a target of 1.4 million vehicles. The company is expected to report third-quarter earnings on Saturday, and a detailed earnings report and conference call will follow on October 19.
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