Tesla’s bumper delivery numbers light up shares

Published by
Reuters

(Reuters) – Tesla Inc’s shares were set to open this year at their highest in about a month after reporting stronger-than-expected quarterly deliveries of its electric cars, allaying fears of supply chain woes that other automakers have struggled with. Shares of the world’s most valuable carmaker were up about 7% at $1,126.5 in premarket trading. “Q4 2021 production results should bolster 2022 expectations but we believe ultimately the pace of capacity expansion (Germany, Texas) will be the larger determinants,” said Joseph Spak, an analyst at RBC Capital Markets. Spak revised his quarterly re…

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