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.