Despite a shortage of computer chips, Tesla reportedly delivered almost 185,000 electric vehicles in the first quarter. The dispatch quantity almost doubled compared to the corresponding period of the previous year. The company said that the Model Y small SUV was well received in China.
This high number of sales depicted that demand for the company’s vehicles remained strong despite COVID-19, as said.
On the other hand, the company’s share dropped by more than 9% this year. On the last working day, the stock closed down just under 1% at $661.75. An analyst said strong first-quarter sales should recover some positive momentum for Tesla’s stock and the electric vehicle sector.
The company also claimed that the Model 3 small car and the Model Y accounted for nearly 182,780 in the first quarter.
Alexia is the author at Research Snipers covering all technology news including Google, Apple, Android, Xiaomi, Huawei, Samsung News, and More.
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