Tesla Deliveries Smashed Expectations. The Stock Should Rise Monday. – Barrons
Tesla delivered a great bit of news Friday. The electric vehicle pioneer posted a healthy quarterly increase in deliveries, a number more than double 2020’s first-quarter total.
Investors had been wary of the figures—not because of demand or competition, but because of the global automotive chip shortage. Their worries turned out to be overblown, and the Tesla (ticker: TSLA) stock should rise Monday. U.S. markets are closed for Good Friday.