⚠️BREAKING: *TESLA REPORTS Q2 DELIVERIES OF 466,140; EST. 448,351 *TESLA MODEL 3/Y DELIVERIES 446,915; EST. 437,386 *TESLA MODEL S/X DELIVERIES 19,225; EST. 14,606 $TSLA
-Tesla Inc on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable.
Analysts on average had expected Tesla to deliver 445,000 cars, according to nine analysts polled by Refinitiv, with the lowest estimate at 439,875 and highest at 450,000. "The price cuts was a smart poker move for Tesla and paying major dividends in the field especially for the China market," Dan Ives, an analyst at Wedbush Securities, said.
It has since increased discounts across all of its line-ups, in a move seen to reduce inventory, while making all of its Model 3s eligible for full federal credits of $7,500 starting in June in the United States.
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