Hyperdrive
Tesla Soars as Model 3 Paces Record Quarter for Deliveries
- Carmaker handed over 95,200 vehicles in the second quarter
- $3,750 U.S. incentive for Teslas shrank by half on July 1
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Tesla Inc. shares surged as a record quarter of deliveries alleviated the worst fears about demand for the Elon Musk-led company’s electric vehicles.
The Model 3 maker handed over 95,200 cars to customers in the three months that ended in June, exceeding the previous best mark set in the last quarter of 2018. Tesla’s delivery count exceeded all but one analyst’s estimate in a Bloomberg News survey.