Tesla’s Stock Rises Following New Production And Delivery Record

Tesla is undoubtedly having its best year so far as it set a new sales record in the latest financial report

The electric car maker is already reaping the fruit of its longtime coming hard labor, and while it comes as a surprise to many, the result the company is getting at the moment is one that is long overdue.

While Tesla reported a massive boost in its sale, it is also interesting to be aware that it’s not just about the sales, the company’s stock has also popped as a result of the record-breaking sales recorded towards the end of the second quarter (Q1) and first half (H1) of the year 2019.

According to Techspot, Tesla in the second quarter of 2019 delivered a total of 95,000 units of its EVs and produced 87,048 vehicles, both of which are company records. Breaking this down, Tesla said it delivered 77,550 Model 3 vehicles and a combined 17,650 Model S sedans and Model X SUVs for a total of 95,200. On the production side, 72,531 Model 3 sedans rolled off the assembly line along with a total of 14,517 Model S and Model X units.

Furthermore, Tesla said it has more than 7,400 customer vehicles in transit at the end of the quarter. While that’s not all about the logistics, the company also informed that it has made significant progress in streamlining its global logistics and delivery operations at higher volumes, making the whole operation a bit more cost efficient.

Lastly, As I said earlier, Tesla shares popped heavy in after-hours trading, up more than seven percent after the bell, and lately, it has risen even higher. Whether or not those gains hold through the rest of the week remains to be seen, however, this has nothing to with the record that has been set already.

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