After rising 10% the day before on the back of second-quarter auto production and delivery data that exceeded analyst forecasts, Tesla shares experienced further gains in premarket trade on Wednesday.
Although the company’s stock was up 3.07% at 06:54 a.m. ET, it was still down 6.93% on the year.
Tesla delivered 443,956 cars overall in the second quarter, bringing its total output to 410,831 cars during that time.
A consensus of predictions published by FactSet StreetAccount indicated that analysts had anticipated that during the three-month period ending on June 30, Tesla deliveries, the closest estimate of sales disclosed by the company, would hit 439,000.
Numbers for particular car models or geographical areas are not broken out by Tesla. Citi analysts predicted a “favorable share price reaction” after the release in a report on Tuesday.
Source (CNBC)
