Hyperdrive
Tesla Closes In on Another Deliveries Record After Price Cuts
- Analysts expect the EV maker to sell around 448,350 cars in 2Q
- The company may discount further to compete with newer models
Vehicles for sale at a Tesla store in Corte Madera, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Tesla Inc. shares have soared 109% this year. In the coming days, one number will be much more important to investors: How many cars did the company deliver in the latest quarter?
The world’s biggest electric-vehicle maker slashed prices across the model lineup to defend its market position against competitors trying to lure away customers with newer models. Likely this weekend, Tesla will give a glimpse of how well its strategy is working.