Elon Musk says Tesla will surprise skeptics who think the company’s Model 3 second-quarter delivery numbers will disappoint, according to an email the Tesla CEO sent to employees.

In the email, Musk linked to a CNBC report of a note from Goldman Sachs analyst David Tamberrino. Tamberrino said he thinks the company will report that it delivered 22,000 Model 3 mid-size electric sedans in the second quarter. That is higher than Tamberrino’s previous estimate of 19,000, but still below the 28,000 expected by a consensus estimate.

““They are in for a rude awakening :)” the Musk wrote in the Tuesday email, a copy of which CNBC obtained. The only other text in the email is a link to the CNBC story.

Tesla declined to comment.

In its first quarter letter to shareholders, Tesla said more than 450,000 people had reserved the Model 3, but the company has long struggled to meet production targets many industry watchers have said are unrealistic. At the company’s annual shareholder meeting in early June, Musk said it was “quite likely” Tesla would hit its goal of making 5,000 Model 3 sedans in a single week.

Tesla had originally aimed to make 5,000 Model 3 cars per week at the end of 2017.

In his note, Tamberrino also questioned how sustainable such a production rate would be, given Tesla’s history of Model 3 manufacturing volatility. To meet its goal, Tesla has added production lines at its factory in Fremont, California, including placing some equipment under a temporary tent structure. Musk has also recently sent out emails to employees saying “radical improvements” are needed to meet factory targets.

Tesla shares were recently flat in trading Wednesday just under $345. While shares are down about 4 percent over the past year, the stock is up about 11 percent since January. During the past year, the stock has traded as high as $389.61 in September, and as low as $244.59 in April.

Source: Tech CNBC
Elon Musk says Model 3 delivery number doubters are in for a 'rude awakening'