Tesla (NASDAQ: TSLA) said that it delivered 90,650 vehicles in the second quarter of 2020, well ahead of analysts' estimates, led by strong demand for its smaller Model 3 sedan and new Model Y crossover SUV.
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Wall Street opened higher on Thursday, with the Nasdaq hitting an all-time high as data showed the U.S. economy added jobs at a record pace in June, the latest signal of a rebound in business activity following the easing of coronavirus-led lockdowns.
What happened
Shares of electric-car maker Tesla (NASDAQ: TSLA) rose sharply on Thursday, climbing past $1,200 for the first time. Shares rose more than 9% shortly after market open.
(RTTNews) - Shares of Tesla, Inc. (TSLA) are climbing more than 7% Thursday morning after the automaker said it delivered about 90,650 vehicles in the second quarter, beating analysts' expectation of $72,000 vehicles.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Consumer firms were climbing pre-bell Thursday with shares of staples in the S&P 500 (XLP) up 0.7% and consumer discretionary firms (XLY) advancing by 1%.
Wall Street was set to open higher on Thursday as data showed the U.S. economy added jobs at a record pace in June, the latest signal of a rebound in business activity following the easing of coronavirus-led lockdowns.
Jia Yueting, founder of Leshi Internet and electric vehicle (EV) maker Faraday Future, said on Thursday his personal bankruptcy process was complete and that a trust would be established to compensate Leshi shareholders.
(RTTNews) - Luxury electric car maker Tesla Inc. (TSLA) announced Thursday that it delivered about 90,650 vehicles in the second quarter of 2020, while producing more than 82,000 vehicles.
Tesla Inc beat Wall Street estimates for second-quarter vehicle deliveries on Thursday even as the electric-car maker main factory in Fremont was shut down due to the coronavirus-related curbs, sending its shares up 9%.
Tesla Inc on Thursday beat Wall Street estimates for second-quarter vehicle deliveries, as lockdowns imposed globally to combat the spread of the coronavirus begin to ease.
Tesla Inc is building mobile molecule printers to help make the potential COVID-19 vaccine being developed by CureVac in Germany, the electric-car maker's Chief Executive Officer, Elon Musk, tweeted on Wednesday.
The future of transportation is almost certain to rely far less on fossil fuels than it does today. That's particularly true in the trucking segment, where fuel is one of the biggest expenses for fleet operators, and their corporate customers are seeking ways to shrink their car
HONG KONG/LONDON (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Tesla Inc is building "RNA microfactories" for coronavirus vaccine developer CureVac in Germany, the electric carmaker's chief executive officer, Elon Musk, tweeted on Wednesday.
Jia Yueting, founder of Leshi Internet and electric vehicle (EV) maker Faraday Future, said on Thursday his personal bankruptcy process is complete and that a trust would be established to compensate Leshi shareholders.
NEW YORK (Reuters Breakingviews) - Tesla’s electrifying rise claimed its biggest victim yet. During morning trading on Wednesday, shares in the Silicon Valley upstart rose some 5% to briefly hit a market value of $210 billion, overtaking Toyota Motor as the world’s l
What happened
Shares of electric-car maker Tesla (NASDAQ: TSLA) jumped on Wednesday, rising as much as 5.1%. By the time the market closed, however, the stock had settled to a 3.7% gain.