News Formal

Tesla's market value set to gain $50 bln on record first-quarter deliveries

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Philippines News News

The electric-car maker said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.

The carmaker's shares, up nearly 8% in pre-market trading, were on track to hit their highest in over a month.

Musk's personal wealth has been boosted by a more than eight-fold surge in the stock's value last year, even though its production is just a fraction of rivals such as Toyota Motor, Volkswagen and General Motors. Tesla delivered 184,800 vehicles globally during the first quarter of 2021, above estimates of 177,822 vehicles, according to Refinitiv data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ngiyajabula ukuhweba no EricWalker00 uyindoda elungile

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korean couples are wooing each other with Tesla stocks – not flowers – while datingBlue-chip stocks can be exchanged easily, by buying gift cards on mobile apps like KakaoTalk's 'Kakao Gift' service.
Source: News24 - 🏆 4. / 80 Read more »