Tesla Smashes Q3 Delivery Targets, Stock Surges
Tesla has smashed delivery targets for the third quarter, handing over nearly half a million vehicles to customers. The electric car giant beat analyst predictions and saw a seven percent increase compared to last year. Meanwhile, tsla stock is surging, up around three percent in pre-market trading, and aiming for its December high of $488.54.
Tesla delivered a total of 497,099 vehicles in Q3, outpacing the expected 456,000 units. This marks a seven percent increase from the same period last year. Despite the impressive delivery figures, Tesla's production numbers dipped slightly to 447,450 vehicles, down from 469,796 in the same quarter in 2021.
The Model 3 and Model Y, Tesla's most popular models, accounted for the majority of deliveries. A total of 435,826 units of these two models were produced in Q3. However, sales in Europe have faced headwinds due to boycott calls against CEO Elon Musk and increased competition from other electric vehicle manufacturers.
Tesla's stock has been on a rollercoaster ride, with stock market expert Alfred Maydorn recommending the tesla stock in 2017. Since then, it has soared by over 2,000 percent. The company's majority shareholders, including the CEO of Börsenmedien AG, have taken positions in Tesla, potentially benefiting from its price developments.
Tesla's strong delivery figures have boosted its tsla stock, with investors eyeing a return to its December 2021 high. The company's Q3 results, due on October 23, will provide further insights into its performance. Despite challenges in Europe, Tesla's global demand remains robust, driving its tesla stock's impressive run.
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