Tesla gains on record deliveries


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.

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