COMEBACK? Tesla breaks quarterly record with 95,200 delivered cars.

This is a significant increase from the company’s own milestone of delivering 90,700 cars in a single quarter, which Tesla had achieved in the fourth quarter of 2018.

The news is doubly important as it comes after a bad first quarter for Tesla, in which the company’s deliveries faltered and the company incurred massive losses.

Tesla says it produced a total of 87,048 cars and delivered 95,200 cars in Q2. There was also an additional 7,400 vehicles in transit at the end of the quarter, and these deliveries will spill into the third quarter.

But: “It should be noted that June 30 was the last day to get a $3,750 federal tax credit towards a Tesla purchase in the U.S., which surely contributed to the results above. Starting July 1, the credit is cut by half, to $1,875, and in 2020 it will disappear completely.”