Tesla gains on record deliveries

  • Auto
  • Tuesday, 05 Apr 2022

FILE PHOTO: A logo of Tesla Motors on an electric car model is seen outside a showroom in New York June 28, 2010. REUTERS/Shannon Stapleton

SHANGHAI: Tesla Inc shares gained after the automaker posted record first-quarter deliveries, bolstering investor confidence that the company can power through disruptions including the continued shutdown of its Shanghai factory.

Tesla rose 1.8% in premarket trading yesterday after the electric-vehicle maker said over the weekend it shipped 310,048 cars worldwide in the three months through March – about 900 vehicles ahead of the average analyst estimate compiled by Bloomberg.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Tesla Inc , automaker , Shanghai , factory


Next In Business News

BNM: Micro, small businesses to continue enjoying zero-cost transactions via DuitNow QR payments
Hong Leong Bank to continue to waive transaction fees for DuitNow QR payments
Public Mutual declares over RM47mil for two funds
Budget 2024: A tough balancing act for Anwar
Marine & General cautiously optimistic about FY24 performance
WtE space heats up
CPO price set to recover
Private hospitals, insurers stirred as claims rise
Fit for expansion
Streamlining a business practicality

Others Also Read