Friday afternoon Elon Musk’s Tesla Motors announced their quarterly delivery data and for the first time eclipsed the 10,000 level. The company grew that number by 55% compared to Q1 of 2014 and the 10,030 total is 500 more cars than they had initially forecast.
The stock is up more than 7% today, the first trading day since the announcement and as Aaron Task notes, the stock is moving on actual data rather than the tweets of Elon Musk, which have moved the stock one way or the other of late.
“This was actual legitimate corporate press release about some good news for the company and it’s moving the stock in a big way today,” he says.
Tesla Model X. Photo: Tesla Motors