Tesla jumps after reporting record deliveries in the 3rd quarter
Tesla SuperCharger
Connected Press

Connected Press

  • Tesla stock rallied with regards to 3% early Monday following a describe quarter of deliveries.
  • The EV maker delivered 241,300 vehicles globally within the third quarter.
  • Tesla shares rallied in spite of a broader market trudge.
  • Peek more stories on Insider’s industry page.

Tesla stock jumped nearly 3% Monday after the EV maker smashed analyst estimates with its third-quarter deliveries, in spite of the chip shortage plaguing the auto industry.

The company delivered a describe 241,300 vehicles globally from July by September, consistent with a Saturday press open, a 73% amplify from the an identical quarter remaining 300 and sixty five days. The quantity beaten analyst estimates of 220,900 deliveries.

Tesla shares rallied in spite of a broader market trudge Monday amid investor dread over a purchasing and selling finish for Chinese property big Evergrande and an oil assembly later within the day.

A handbook from Tesla did one device or the opposite answer to a seek data from for touch upon the half rally. On Twitter, Tesla Chief Govt Officer Elon Musk stated, “Congrats Tesla team. And thanks very grand to our suppliers & logistics partners for coming by in spite of big difficulties!”

The auto maker has handled the chip shortage better than opponents, and has notched six consecutive quarterly gains, Reuters reported. Consulting agency AlixPartners estimated in September that automakers would perchance well lose $210 billion in gross sales this 300 and sixty five days since the chip crunch.

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