Tesla delivered a record number of vehicles in the second quarter, beating expectations and demonstrating the value of price cuts earlier this year.
The electric vehicle pioneer said it delivered 466,000 vehicles between April and June, up 10.4 per cent from the previous quarter and 83.5 per cent from a year before. Production was even higher, at nearly 480,000.
The results exceed an already ambitious target of increasing volumes by an average of 50 per cent year, helping to justify a 142 per cent rally in the stock so far this year.
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