Sunday, September 27
Tesla shares shot-up 4% in the opening trade on Wednesday, hitting the day's high of $313 per share. The uptick was accompanied with strong volumes as nearly 12 crore shares changed hands on the Nasdaq.The Tesla shares rallied notwithstanding a sharper-than-expected fall in second-quarter deliveries. The electric vehicle maker delivered 3,84,122 vehicles in the second quarter, down 13.5% from 443,956 units a year ago.A Reuters report said that analysts had expected it to report deliveries of about 394,378 vehicles.Its shares, which have shed more than 25% this year, rose 7% in premarket trading.Tesla had said it would start producing a cheaper vehicle — expected to be a pared-down Model Y, by June end. Reuters had reported in April that it was delayed by at least a few months.Today's ral
