Tesla Stock Jumps 7% on Record Q2 Vehicle Deliveries
On Monday, (NASDAQ: TSLA) stock jumped 6.9%, driven by the electric vehicle (EV) pioneer's Sunday announcement of record vehicle production and delivery numbers for the second quarter of 2023. Tesla also announced the date on which it will release its financial results for the quarter.
Investors give considerable weight to the company's quarterly delivery numbers because sales are booked when customers take possession of a vehicle. Thus, deliveries are a key driver of revenue and earnings.
In the second quarter, Tesla produced a total of 479,700 vehicles and delivered a total of 466,140 vehicles. The delivery number cruised by Wall Street's consensus estimate of about 448,600.
Source Fool.com
Tesla Inc Stock
€165.24
2.760%
Currently there is a rather positive sentiment for Tesla Inc with 56 Buy predictions and 27 Sell predictions.
As a result the target price of 242 € shows a positive potential of 46.45% compared to the current price of 165.24 € for Tesla Inc.
