Tesla stock soared as much as 7% on Monday after the electric vehicle manufacturer reported fourth-quarter deliveries that sailed past analyst expectations.
The company delivered 308,600 vehicles and produced 305,840 vehicles. Wall Street analysts had been expecting Tesla to deliver 266,000 vehicles in the fourth quarter. The bulk of the deliveries were for Tesla’s Model 3 and Model Y vehicles, with its Model S and Model X deliveries totaling just 11,750.
