Tesla Reports Q2 Deliveries Beat, Shares Surge 6%
<p><a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla (NASDAQ:TSLA)</a> shares jumped more than 6% pre-market today after the electric vehicle (EV) leader exceeded Wall Street expectations in Q2 deliveries due to price reductions.</p>
<p>In the quarter, Tesla delivered more than 466,000 vehicles, surpassing the Street estimate of 448,350 deliveries. The company also produced close to 480,000 vehicles.</p>
<p>Breakdown of production and deliveries for specific models: Model 3/Y had 460,211 produced and 446,915 delivered, while Model S/X had 19,489 produced and 19,225 delivered.</p>
<p>Following the announcement, JPMorgan raised its price target on Tesla to $120.00 from $115.00 while maintaining an Underweight rating.</p>

NASDAQ:TSLA