Tesla shares jumped more than +5% on Wednesday, following report of its record car deliveries in the second quarter.
The electric car maker said that total deliveries for the three months ending in June surged +51% from the year-ago period to a company record high of 95,200 vehicles. The figure also beat FactSet consensus estimate of around 89,000.
Total production in the quarter came in at 87,048 units.
Tesla’s Model 3 deliveries totaled 77,550, up more than +50% from the first quarter. Combined sales of Model S full-size sedan and the Model X sport utility vehicle also increased to 17,650 vehicles, from 12,100 in the first quarter.
According to Tesla, new orders had outpaced deliveries in the second quarter. The company said it is “well positioned” to increase production and deliveries in the third quarter.