Tesla Stock Jumps 17 percent after reporting that the company delivered 88,400 vehicles in Q1

 Tesla stock (TSLA) was up by as much as 80 dollars after the company's earnings report was released today. The stock had a great run before the coronavirus selloff knocked it down back to around $400.00 per share from $968.00 per share.  

When the coronavirus began to spread from Wuhan, China, Tesla was forced to shut down its plant. As a result, the stock sold off heavily and it hasn't picked back up to the $900 range since then. 


 Key takeaway from Tesla's earnings report that was released today. 

  • 89,000 vehicles Delivered (75,700 of it is Model 3)
  • Comfortably exceed” sales of 500,000 electric vehicles in 2020. - Musk
  • Tesla only expected the COVID-19 outbreak to delay production in China by less than two weeks.
  • Tesla said it produced about 103,000 vehicles total, including 15,390 Model S and X, and 87,282 Model 3 and Model Y vehicles as of March 31. 

Be the first to comment!

You must login to comment

Related Posts