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Tesla shares jump 6% after first-quarter sales surge

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People look at a Tesla Model Y car at a Tesla showroom in Beijing on January 5, 2021.

Wang Zhao | AFP | Getty Images

Tesla shares jumped more than 6% at the opening bell on Monday, as investors cheered production and delivery figures that broadly beat expectations.

Tesla on Friday reported that it delivered 184,800 vehicles and produced 180,338 cars in the first quarter of 2021. Analysts were expecting the company to deliver around 168,000 vehicles during this period, according to estimates compiled by FactSet as of April 1.

It was a record-beating quarter, topping the 180,570 deliveries the company recorded in the fourth quarter of last year.

In a note on Sunday, Wedbush analyst Daniel Ives…



Source cnbc.com

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