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Tesla Rises Midday After Leaked Musk Email

Published 05/23/2019, 11:08 AM
Updated 05/23/2019, 11:14 AM
© Reuters.

© Reuters.

Investing.com - Tesla (NASDAQ:TSLA) rose in midday trading Thursday after a leaked email from CEO Elon Musk showed the electric car company is on pace to top its record of deliveries in the second quarter.

Musk’s email, which Reuters reported was authentic, said the company, on average, produced 900 Model 3 cars per day this week, bringing it close to its target of 7,000 a week.

The email also stated that the company has 50,000 net new orders for this quarter as of Tuesday.

The news helped shares of Tesla rise from six-consecutive sessions in the red, as investors worry over the company’s financials and ability to keep up with demand.

Tesla rose 1.7% in midday trade, but was still near a two-and-a-half year low.

Latest comments

;) where's the sec?
Can't wait to buy my first electric car!
why?
Tesla will crush the numbers next quarter. I see TSLA hitting $400 by end of tear.
been drinking Elon Musk's personal oil?
How convenient this email leaked after six down days and the stock near a 2 year low
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