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Tesla shares rise more than 7% after delivery and production numbers beat expectations

Tesla shares rose over 7% in trading following the release of their second-quarter delivery and production numbers. The company delivered 466,140 vehicles, surpassing analysts' expectations of 445,925. The increased delivery numbers were attributed to incentives, discounts, and a federal tax credit. Tesla Shares have risen by almost 126% year-to-date, recovering from a low point in 2022 but remaining below their pandemic highs.

The post Tesla Shares Rise more than 7% after delivery and production numbers beat expectations appeared first on Balanced News Summary.



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