Tesla's stock rally roared higher again. The share price jumped another six percent after weekend figures showed better-than-expected deliveries with price cuts helping the company ship over 466,000 cars in the April to June period
market estimates for second-quarter deliveries after struggling for months to ramp up production due to supply chain issues.
Analysts have said stable demand and efforts to combat supply chain woes by developing an in-house drive unit could help Rivian grab market share in an increasingly crowded market.The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson/File Photoin the April to June period, up 10% from the preceding quarter and 83% higher from a year earlier.
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