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Tesla deliveries beat expectations for Q2

Russell Shor Written by Russell Shor
  • TSLA.us
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As we head towards Q2 earnings season:
- Tesla delivered a record-breaking 466,140 cars worldwide, surpassing Wall Street estimates.
- The results indicate that Elon Musk's strategy of reducing prices to increase volume has been successful.
- Analysts had predicted that Tesla would ship 448,350 cars in the quarter.
- These deliveries mark the highest ever achieved in a quarter for Tesla.
- Compared to the previous year, Tesla's deliveries have seen an impressive 83% increase.

Tesla is trading above its black 30-week EMA, with the EMA bullishly turned up:

Source: www.tradingview.com

Reference:
www.bloomberg.com

Russell Shor

Senior Market Specialist

Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.

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