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Tesla: Sales record within reach but deliveries are problem

FILE - In this March 14, 2019 file photo, Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio in Hawthorne, Calif. Musk says he’s deleted his Twitter account 10 months after a tweet landed him in trouble with U.S. regulators. Musk changed his Twitter display name to Daddy DotCom on Father’s Day. Daddy.com is an actual website that provides parenting information to new and expecting fathers. (AP Photo/Jae C. Hong, File)

DETROIT — Elon Musk is telling employees at Tesla that the company is close to a quarterly record for deliveries as it nears the end of the April-through-June period.

The CEO of the electric car company said in an internal memo this week that Tesla has enough orders to set a record, but it’s having trouble shipping vehicles to the right locations.

He says Tesla will set a record if everyone goes all out before the quarter ends Sunday.

Wall Street will be watching. Shares of Tesla are down more than 30% this year with investors concerned about demand. In the first quarter Tesla delivered only 63,000 vehicles, a 31% drop from a record 90,700 in last year’s fourth quarter.

Tesla still expects to deliver 360,000 to 400,000 vehicles this year.

The Associated Press