Mark Elwa
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Tesla Seen Reporting Record Deliveries on China Expansion

Tesla Motors will probably report record electric Model S deliveries in the second quarter after it accelerated output and began shipping its flagship sedan to China and the U.K.

The youngest publicly traded U.S. carmaker is projected to say tomorrow it delivered a best-ever 7,546 Model S sedans in the period that ended June 30, the average of eight analysts’ estimates compiled by Bloomberg. That would be up 47 percent from a year ago and slightly exceeding Tesla’s forecast of 7,500. Earnings are predicted to be 4.5 cents a share, excluding some items, the average of 11 estimates, down from an adjusted 20 cents per share a year ago.