Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Tesla Gains As Q2 Vehicle Sales, Production Top 200,000, Break Record

Published 2021-07-02, 09:56 a/m
© Reuters.
TSLA
-

By Dhirendra Tripathi

Investing.com – Tesla stock (NASDAQ:TSLA) rose 3% in Friday’s trading as both sales and production topped 200,000 units for the first time, breaking records that were set in the first quarter.

Tesla delivered 201,250 units and produced 206,421 units in the second quarter. The deliveries were slightly below expectations.

The electric vehicle maker produced 204,081 units of its Model 3 and Y, its more affordable mid-range cars. The rest 2,340 units were Model S and X vehicles, as per the company filing.

Tesla had delivered 184,800 units and produced 180,338 vehicles in the first quarter.

The company undertook a price hike in May to offset rise in costs of raw materials and other supply chain price pressures, according to a tweet by CEO Elon Musk.  

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.