Tesla Inc set a record for quarterly vehicle deliveries in a triumphant response...
) set a record for quarterly vehicle deliveries in a triumphant response to months of questions about demand for its luxury electric cars, sending shares up 7% after hours on Tuesday.
“We believe we are well positioned to continue growing total production and deliveries in Q3,” the company said in a statement. Tuesday’s numbers helped take the sting off a difficult first quarter, in which deliveries plunged and the company lost $702 million. Demand and profitability will remain the two main drivers to buoy Tesla shares in coming quarters, Ives told Reuters, signaling that Tesla’s challenges are far from over.
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