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Tesla sales soar!


Recent US filings show that Tesla, the electric car-maker run by superstar CEO Elon Musk has increased its deliveries in the 3 months ending 30 June 2024 by 14% over the January to March Quarter, moving almost444,000 vehicles.

This blew away wall St anaylsts, who were expecting a decline in deliveries, given factors such as increased competition, and economic issues such as interest rate increases were thought to put a dent in demand.

It looks like price cuts have led to increased consumer demand for Tesla’s products, and for the time being, Elon Musk’s reputation as a superstar CEO remains unblemished by failure.

The company plans to increase deliveries of its cyber-truck which debuted last year but most delvieries at present involve the model 3 workhorse!

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