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Tesla shares increased 17%

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Tesla shares increased 17%
April 03
13:00 2020

Tesla Inc., an American electric vehicle and clean energy company,  has issued a press release with the results of the first quarter of 2020. It became known that during the reporting period, 102.67 thousand electric vehicles had been produced. 88.4 thousand cars were delivered. This is the best result of the American company for the first quarter!

In the first three months of this year, it has been released and sold:

  • Model S/X cars – 15.39 and 12.2 thousand respectively,
  • Model 3/Y cars – 87.28 and 76.2 thousand, respectively.

The results of the American company have exceeded the most ambitious analysts’ forecasts, who suggested that it was unlikely that Tesla would be able to produce more than 89 thousand electric vehicles.

The company told investors that the Shanghai factory continued to produce electric cars at an accelerated pace.

Immediately after the publication of the financial statements, Tesla stock quotes jumped 17%. By the way, over the past 12 months, the capitalization of the automaker has increased 59%. Over the same period, the S&P 500 index has fallen about 12%.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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