High demand: A shopper walks past Tesla showroom at the Chamtime Plaza in Shanghai. Tesla delivered 184,800 cars worldwide for the first quarter of the year, outpacing the 169,850 average of analysts’ estimates in a Bloomberg survey. — Bloomberg
NEW YORK: Tesla Inc first-quarter delivery numbers blew past analysts’ estimates, helping the stock fend off a slide in the broader electric vehicle (EV) industry amid growing skepticism about the future of President Joe Biden’s infrastructure bill.
Shares of the Elon Musk-led company closed up 4.4% in New York, leaving it down 2.1% year to date. Over the past 12 months, the stock has advanced more than 600%. Other EV stocks like Workhorse Group Inc and Lordstown Motors Corp dropped on Monday.
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