Home News Tesla shares surge 10% to record high after 2nd-quarter deliveries beat estimates...

Tesla shares surge 10% to record high after 2nd-quarter deliveries beat estimates (TSLA)


Tesla shares continued its winning streak on Thursday after the company announced Q2 delivery statistics which beat analyst estimates.
Tesla delivered 90,650 vehicles vs analyst estimates for 83,000.
The company’s production rates were down 20% because of COVID-19 stopping production at its Fremont factoryoutlet. Generation at its Fremont mill has been ramped up back into pre-pandemic levels, according to Tesla.
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Tesla surged up to 10 percent to new record highs on Thursday following the company disclosed second quarter delivery statistics which blew past analyst estimates.

For the year, Tesla delivered 90,650 vehicles ahead of analyst estimates for 83,000 deliveries from the quarter. The company sent 10,600 Model S and Model X automobiles, also delivered 80,050 Model 3 and Model Y automobiles. See the rest of the narrative at Business Insider

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