TSLA: Tesla Tops Vehicle Deliveries in a Record Quarter

Shares of the EV maker are up almost double year-to-date, boasting a 92% rise.

• Tesla posted its delivery figures for the first quarter, surprising analysts with record-high figures. The electric-car maker shipped 422,875 vehicles, and produced 440,808 units. Both numbers are quarterly records. Wall Street was looking for just about 420,000 deliveries.
• The Q1 deliveries were 36% higher compared to the 310,048 cars shipped in the year-ago quarter. The Model 3 and the Model Y accounted for 412,180 units, while 10,695 units of the higher-priced Model S and X were delivered to people around the globe.
• Tesla needed strong quarterly performance to back up the monster rally in its shares. Over the first three months, Tesla’s stock is up roughly 92%, boasting some of the loftiest gains in the equity market. It’s Tesla’s sixth best quarter share-wise, out of 51 quarters of trading.