Tesla stock surges 7% on strong delivery numbers

12:18 PM 5 April 2021

Tesla (TSLA.US) stock jumped more than 7% in the US pre-market session after the electric carmaker posted record deliveries as high demand for its vehicles overshadowed issues with a shortage of car parts. Tesla delivered 184,800 electric vehicles in the first quarter, which beat the fourth quarter record of 180,570 units. Moreover, vehicle shipments in the first quarter surpassed market estimates of 177,822 units. Tesla confirmed that its Model Y electric car has been well received in China and is progressing well to achieve full production capacity. It is worth mentioning, Tesla started production of its Model Y for the first time at its China factory in the fourth quarter of 2020.

Tesla (TSLA.US) - last week buyers managed to halt declines at 50 SMA ( green line) around $660.00. Today's stock surged in premarket and is testing strong resistance at $711.00. Source: xStation5

----------------------------------------------------------------------------------------------------------------------------------------------

Watch this video to learn how to prepare for major market moves

https://www.youtube.com/watch?v=UlJUarA9Ta4

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits