Tesla exceeds expectations as its EV sales start to rebound
Politics tamfitronics Tesla had a better-than-expected second quarter for car sales.The company Tuesday said it delivered about 444,000 vehicles to customers in the second quarter, down about 5 percent year-over-year but a 15 percent increase from the first quarter — and more than forecast by Wall Street analysts, who generally expected less than 440,000. Tesla shares rallied more than 10 percent on the news.Tuesday’s sales numbers mark a “comeback performance” from Tesla after a disastrous first quarter, Wedbush Securities analyst Dan Ives said.“After what’s been a very choppy six months, the mojo is back in the Tesla story,” he said.Politics tamfitronics GET CAUGHT UPStories to keep you informedThere was a consensus view that Tesla would miss Wall Street analysts’ estimates, Ives added, making the second-quarter sales “surprising to even the most bullish investors.” Company observers...
