Tesla beats expectations. Its first quarter vehicle deliveries higher than awaited

The most valuable American car producer Tesla surprised investors. It delivered more vehicles during the first quarter of 2021 than expected. The Tesla stocks are according to some estimations about to rise strongly again.

Tesla delivered 184 400 vehicles to the global market, and beat the expectations, despite Model S and Model X production lines being down due to coronavirus for some time. The production of Model Y helped to restore the total production as Model Y (produced in China) reached its full capacity quite soon.

The numbers of cars delivered has only a particular impact on the car producer´s financial results, Tesla stated in its report. The financial data will be released soon. Some analysts predict the results will be good so it may lead to the Tesla stock price increase in the following months. According to some predictions the stock price may reach 1000 to 1200 USD by the end of 2022.

Tesla´s stocks are being traded for about 660 USD which is nearly 25 percent below its all-time-high reached in January.

Zernov, Yahoo! Finance

Maurer, TheStreet

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