Tesla Sales Surge Amid Mixed Share Performance

24 days ago

Nora Melinda

"Tesla, Tesla. So up year to date, up 12 percent. But today pointing lower down more than two percent... It did report a surprise increase in quarterly vehicle sales. Essentially, U.S. consumers are accelerating their EV car purchases before federal tax credits expired. So they did deliver a record four hundred and ninety seven thousand vehicles worldwide during that period."

Tesla, while up 12% year-to-date and reporting record quarterly vehicle sales due to accelerated U.S. EV purchases ahead of expiring tax credits, saw its shares drop by over 2% in the short term. This indicates a mixed market reaction where strong underlying sales are not fully reflected in the share price movement.

Related Stocks