Tesla Stock Rises As Company Reports ‘Record’ Delivery in Q2 2019
Shares of Tesla rose by more than 7% following a report on “record” deliveries in Q2 2019, published by the company on Tuesday, July 2.
In its second-quarter report, the car manufacturer claimed that it delivered a total of 95,200 cars. The total amount of cars produced during the quarter surpassed 87,000.
According to Tesla, it produced 72,531 Model 3s and delivered 77,550 of them in the reported period. The company also claimed to have improved its global logistics and delivery operations.
Tesla’s stock (TSLA) gained almost 10% in just a few hours after the report was released.
Earlier this year, Tesla’s founder and CEO Elon Musk predicted a record quarter in a leaked email to employees.
Just before the publication of the report, Tesla lost three high profile executives, including the VP of engineering Steve MacManus and VP of Tesla Europe Jan Oehmicke.