Tesla's Vehicle Deliveries Growth Rate Is Accelerating
Shares of Tesla (NASDAQ: TSLA) jumped sharply on Monday, climbing more than 4%. The stock's gain came after the electric-car company released better-than-expected first-quarter deliveries.
While the strong first-quarter deliveries bode well for Tesla's financial results for the period, the bigger takeaway from the strong report is the company's impressive momentum on its growth plans. Not only is Tesla's year-over-year growth rate in vehicle deliveries accelerating, but this was the fastest growth in total vehicle deliveries the automaker has seen since the second quarter to 2019 -- and Tesla pulled this off even as it halted Model S and X production during the quarter to prepare its production lines for newer versions of the two vehicles.
Tesla factory. Image source: The Motley Fool.
Source Fool.com
