Telsa soars on delivery numbers -- delivered 88,400 vehicles in Q1

Tesla just reported that it delivered approximately 88,400 in the first quarter of 2020. Tesla stock rose more than 10% after hours on the news. Analysts had expected 79,908, according to a consensus of analysts surveyed by FactSet.

Breaking it down by model, Tesla reported deliveries of 76,200 Model 3 and Y vehicles, and 12,200 Model S and X vehicles, for the first quarter.

Analysts had expected combined deliveries of 68,674 Model 3 sedans and Model Y cross-over SUVs, and combined deliveries of 11,234 older and more expensive Model S and X vehicles.

The estimates took into account the COVID-19 pandemic, which required Tesla to wind down new car production at its main car plant in Fremont, California, in the last week of March and also suspended production in Shanghai in January and February.

https://www.cnbc.com/2020/04/02/tesla-tsla-1q-2020-production-and-delivery-numbers.html

Looks promising for Vmoto/Soco