Tesla's

First Quarter Deliveries Break Record!

  Tesla's First Quarter Deliveries Break Record! Tesla's first-quarter deliveries exceeded expectations and broke a record. Explaining that it shipped 184,800 electric vehicles in the first quarter, Tesla broke the record by exceeding the number of 180,000 electric vehicles in the last quarter of 2020 with these figures. The shipment exceeded the analyst's expectations of 177,822 vehicles. Although deliveries for Model Y, Model 3, S and X varied, total production during the quarter increased by 75,6 % over the previous year to 180,338 units.

Tesla's first-quarter deliveries exceeded expectations and broke a record.

Explaining that Tesla Model Y received a very good welcome in China, he said that it started production in the country in the last quarter of 2020. Wedbush analyst Daniel Ives, following quarterly production and delivery figures, raised the stock from Hold to Buy, raising its price target from $ 950 to $ 1,000 (51.1 % upward potential). In a note he wrote to investors, Ives stated that according to Tesla's statement on the Model 3 / Y Friday, the latest data has increased and that the growth has come to the next stage. Ives said they believe Tesla can now comfortably accommodate 850,000 vehicles throughout the year, despite chip shortages and supply problems. Stocks rose by about 531.4 % in a year. Tesla's First Quarter Deliveries Break Record!  

Source: Yahoo.Finance

 

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