Tesla delivered 95,200 cars in its second quarter, a record for the company. Shares jumped roughly 7% in after-hours trading.
The numbers, released Tuesday, met the company's own goal and easily outpaced the 63,000 cars delivered in the first three months of the year. They also far surpassed the 40,740 cars delivered to customers in the year-ago quarter, when Tesla was still struggling to ramp up production of the Model 3, its best-selling car.Shares of Tesla jumped roughly 7% in after-hours trading.
CEO Elon Musk has repeatedly said that demand for Tesla vehicles is strong.Part of the drop in sales Tesla recorded during the first quarter was caused by somewhat unique circumstances. What had been a $7,500 tax credit for Tesla buyers dropped in half as of January 1. So many buyers rushed to buy cars at the end of 2018 to get the full reduction in their federal tax bill. That pulled ahead some sales that otherwise would have been recorded in the first quarter.
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