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03.07.2019

Tesla reports record sales

news

The electric-car company delivered a record number of electric cars in the second quarter and said that orders during the second quarter exceeded deliveries, despite buyers getting a smaller tax credit.

The company delivers 95,000 cars in the second quarter and expects deliveries to reach annual goal, stocks jump 7%


Stocks impacted: Tesla Inc (TSLA)


The electric-car company delivered a record number of electric cars in the second quarter and said that orders during the second quarter exceeded deliveries, despite buyers getting a smaller tax credit. Deliveries of all models rose 51% from the first quarter to 95,200 vehicles, including 17,650 Model S and X, which surpassed estimates. An improved system for logistics helped in the second quarter, said the company. Tesla has pledged to deliver 360,000 to 400,000 vehicles in 2019. Overall, total production rose 13% to 87,048 vehicles compared with the first quarter. Tesla shares, down more than 30% so far this year, jumped more than 7% in after-hours trading following the news.


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