Elon Musk, CEO of Tesla
Beck Diefenbach | Reuters
Tesla reported on Thursday that it delivered roughly 88,400 autos within the first quarter of 2020, beating expectations. Analysts had anticipated about 79,900 as of Wednesday, in accordance with a survey by FactSet.
Tesla inventory rose greater than 17% after hours on the information.
Breaking it down by mannequin, Tesla reported mixed deliveries of 76,200 Mannequin three sedans and Mannequin Y cross-over SUVs, and mixed deliveries of 12,200 of the older and costlier Mannequin S and X autos.
Each numbers beat estimates: Analysts had anticipated mixed deliveries of 68,674 Mannequin three and Mannequin Y autos, and mixed deliveries of 11,234 Mannequin S and X autos, as of Wednesday.
The estimates took into consideration the COVID-19 pandemic, which required Tesla to wind down new automotive manufacturing at its primary automotive plant in Fremont, California, within the final week of March and in addition suspended manufacturing in Shanghai in January and February.
With out the COVID-19 associated...
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