New York.- Tesla shares posted sharp gains on Wall Street on Monday after the electric vehicle maker announced a record number of units delivered in the first quarter of the year.
Shares of the company led by Elon Musk opened more than 6% higher on Wall Street and an hour and a half after the start of operations they were still up almost 5%.
This Monday is the first trading day since Tesla announced on Friday 184,800 deliveries of vehicles during the first quarter, a new record for the company and a figure clearly above analysts’ expectations.
In addition, during those three months, Tesla produced 180,338 units, at the top of the range predicted by experts, a production that focused only on its Model 3 and Model Y, more affordable than the Model S and Model X.
The company highlighted the good reception that the Model Y, a compact SUV, is having in China, where the sales of the American company doubled last year.
During 2020, Tesla shares soared 700%, making the company one of the largest in the United States by market value and making Musk one of the richest people in the world.
This year, however, the company is having more difficulty on Wall Street and, as of Monday, its stocks had lost more than 9% so far this year.