The company’s shares jumped 14% in New York, their biggest gain since March and the best start to a year since Tesla went public more than a decade ago. The $144 billion in market value that Tesla added Monday is the equivalent of an entire Honeywell International Inc. or Starbucks Corp. It’s also more than the value of almost 90% of the companies in the Standard & Poor’s 500 index.
Musk, who has pledged delivery growth despite the “supply-chain nightmare” of 2021, praised his crew onQuarterly deliveries are one of the most closely watched indicators for Tesla. They underpin its financial results and are widely seen as a barometer of consumer demand for electric vehicles as a whole because the company has led the charge for battery-powered cars.
“Tesla continues to execute well, posting deliveries and production above consensus expectations,” Cowen analyst Jeffrey Osborne said. “As the competition heats up from incumbent OEMs and new entrants alike, we see 2022 becoming a critical year for Tesla.”
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