Tesla shares surge after electric carmaker posts record deliveries

Tesla shares surge after electric carmaker posts record deliveries

Tesla shares surge after electric carmaker posts record deliveries

FILE PHOTO: Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/File Photo

(Reuters) – Shares of Tesla Inc were up about 7.5% in pre-market trading on Monday, after the world’s most valuable carmaker posted record deliveries as a solid demand for its electric cars offset the impact of a global shortage of auto parts.

Tesla delivered 184,800 vehicles globally during the first quarter, above estimates of 177,822 vehicles, according to Refinitiv data.

Reporting by Subrat Patnaik in Bengaluru; Editing by Rashmi Aich