Tesla shares shot up 5% after it reported stronger-than-expected quarterly sales
The EV company reported record sales of 466,000, nearly double the 255,000 it delivered in the year earlier quarter when sales were depressed from Covid-related lockdowns in China. The quarterly sales represented nearly 100,000 more than Tesla sold in all of 2019, the year before the pandemic. The second-quarter sales rose 10% from the first quarter. The second quarter also topped the 447,000 sales consensus from Wall Street analysts.
Tesla CEO Elon Musk told investors in April that the cuts were generating increased demand for its cars, and that it now had more demand than its capacity to produce them But the lower prices have also squeezed earnings, and the second-quarter sales results marked the fifth-straight period in which Tesla produced more vehicles than it has delivered to customers. The company built nearly 480,000 vehicles in the quarter.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tesla delivered a record number of cars last quarter, beating expectations | CNN BusinessTesla beat expectations in the second quarter of 2023, announcing Sunday it produced nearly 480,000 vehicles and delivered over 466,000.
Leer más »
Tesla smashed it last quarter but China's BYD did even better | CNN BusinessBYD outpaced Tesla in the second quarter as the Chinese carmaker posted record sales of hybrid and electric vehicles.
Leer más »
Gas Prices Fall Ahead of Fourth of JulyMillions of people who will travel by car for the Fourth of July will benefit from much lower gas prices than last year. See potential biases and similarities in reports from cnnbusiness, foxbusiness and wsj:
Leer más »
Tesla Sales Soar, But Analyst Forecasts Challenging Business ConditionsTesla hasn't launched any new models in a long time, which could impede its growth, as per Bernstein analyst
Leer más »
Russia After the Rebellion - CNN One Thing - Podcast on CNN AudioMore than a week after the aborted Wagner rebellion, it’s unclear what comes next for Russia and President Vladimir Putin. The eventual fate of Wagner boss Yevgeny Prigozhin is also murky after striking a deal with Belarus to end the insurrection. In today’s episode, we head to Moscow to get a view from the ground and examine what the greatest challenge to Putin’s leadership in decades says about his military’s performance in Ukraine. Guest: Matthew Chance, CNN Senior International Correspondent
Leer más »
#TwitterDown: Elon Musk announces temporary read limits on Twitter | CNN BusinessElon Musk says Twitter has applied 'temporary limits' after thousands of users reported problems accessing the platform and getting hit with 'rate limit' error messages
Leer más »