Company Of The Day: Tesla

by Trefis Team
-32.91%
Downside
910
Market
610
Trefis
TSLA
Tesla Motors
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What?

Tesla (NASDAQ:TSLA) delivered 201,250 cars for Q2 2021, a new quarterly record. This translates into a sequential increase of 9% and a year-over-year increase of about 130%.

Why?

The growth was driven primarily by the mass-market Model Y and 3 vehicles, which saw 199,360 deliveries in Q2. Model S and X sales remained muted as Tesla only began scaling up production of refreshed versions of the vehicles recently.

So What?

The delivery figures were apparently largely in line with market estimates, with Tesla stock remaining flat in Friday’s trading.

See Our Complete Analysis For Tesla

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