Tag: surges

Tesla stocks surges due to strong vehicle delivery numbers in Q1 [Video] [Video]

Tesla shares are up nearly 17% after the automotive company announced that it delivered roughly 88,000 cars in the first quarter of 2020. Yahoo Finance’s On The Move panel discusses.

Video Transcript

JULIE HYMAN: And we’re watching shares of Tesla, which are up about 5 and 1/2%, even as we see stocks overall decline. This is after the electric carmaker said it had delivered 88,400 vehicles in the first quarter of this year, and that was ahead of– of projections. So let’s talk about this with our panel right now, Rick Newman, somebody who watches the car industry closely. So, Rick, production is really something that has bedeviled Tesla at times, so I guess this is reassuring on that front.

RICK NEWMAN: Yeah, these numbers come with an asterisk, like everything related to the car industry and so many other industries right now, because Tesla was of course, affected. They

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