While we strive to produce the best transcripts, it may contain misspellings and other inaccuracies. Founder Gordon Johnson emphasized the quarter’s implications for the achievement of annual guidance.“Based on the just reported June quarter delivery numbers, we expect the company to report better than expected earnings, potentially near a profit despite the shutdown, and favorable details on continued profitability trends driven by the Shanghai factory and Model Y.”   I will let Frank give you more details.To our shareholders, we are extremely conscious of our duty to enhance value. Presentation: Operator. Track companies who are expected to release earnings reports with the latest information from Nasdaq. Models 3 and Y made up 75,946 units compared to the previous quarter’s 87,282, while the S and X comprised 6,326 compared to the prior figure of 15,390.Tesla shares were up 7.36% at $1,202.09 at the time of publication Thursday.International sales drove a large portion of Tesla’s deliveries.“In our opinion, a 90,000 delivery number in this COVID lockdown environment is a jaw dropper and the bulls will run with this as a potential paradigm changer moving ahead,” Wedbush analyst Daniel Ives said in a note.“Keep in mind, TSLA cut the price of its cars sharply several times in 2Q20, and this means they have to ship 160,700 cars in both 3Q20 and 4Q20 to hit their year-end 2020 guidance of 500K cars delivered,” the analyst said in a note. The figures may help alleviate lingering bear concerns about Tesla’s sustainability, said Loup Venture's Munster. “To this point, strong Model 3 demand out of China remains a ray of shining light (and we believe was a clear standout in 2Q) for Tesla in a dark global macro and appears to be on a run rate to hit 100,000 unit deliveries in the first year out of the gates for Giga 3 which is driving some strength for Tesla as well as Model Y deliveries starting to ramp as well,” Ives said. “June quarter deliveries are further evidence that Tesla has the auto industry backed into a corner,” Loup Ventures managing partner Gene Munster said in a note.Based on the math from Tesla bear GLJ Research, Fremont deliveries declined about 37% year-over-year, and Models S and X deliveries fell 40%, although each surpassed consensus expectations.

Accordingly, we have not remitted rental payments for the months of April, May and June at this time. Q3 19 Summary Financial Statements 50 KB. We have an amazing brand and portfolio of products that continue to resonate with consumers across North America.© 2020 AlphaStreet Inc. All Rights ReservedAdditional information regarding these factors appears under the heading Risk Factors in our Form 10-K, which was filed with the Securities and Exchange Commission today, and is available at www.sec.gov and on DAVIDsTEA’s website. The past few months have proven, and we’ve never really had any doubt that our exceptional brand resonates strongly with consumers, well beyond our brick and mortar stores.To achieve a successful turnaround, one of the critical components is to optimize our North American retail footprint to better reflect our omnichannel strategy and the growing emphasis we are placing on our online and wholesale channels. For the fourth quarter period-ended February 1, 2020, sales decreased 11.6% to CAD73.5 million and comparable same-store sales declined 17.3%. We believe we have a solid plan to turnaround DAVIDsTEA, but we have too many brick and mortar stores losing money. At this time, the Company is unable to predict when and how many of its retail locations it will reopen.Payment service provider PayPal Holdings (NASDAQ: PYPL) reported adjusted EPS of $1.07 on revenue of $5.26 billion for the second quarter of 2020.

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