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Tesla Shares Jump 6% Ahead Of Delivery Data—Adding $45 Billion To Market Cap

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Elon Musk,Wells Fargo

Ty Roush is a New York City-based breaking news reporter who frequently covers Russia’s invasion of Ukraine, the automotive industry and sports money. He joined Forbes in 2022 and has covered Exxon acquiring Pioneer for nearly $60 billion, a mysterious respiratory illness affecting dogs across the U.S.

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‘Inside Out 2’ Becomes First Film This Year Hitting $1 Billion At The Box Office—And It Did It In 19 DaysShares of Tesla rose by 6% through Monday afternoon, before it’s expected to report a decline in deliveries for the second-straight quarter, though analysts said they remain optimistic for Elon Musk’s company.Tesla’s shares increased to over $211 as of around 3:35 p.m., adding about $45 billion to the company’s market cap.

Tesla is expected to report about 436,000 vehicle deliveries for a three-month period ending June 30, a 6.4% decrease year-over-year, according to a compilation of analyst estimates by FactSet.

 

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