The results, posted Sunday, came in just ahead of the median estimate of analysts surveyed by Bloomberg, for 421,164 vehicles to have been shipped.
“They grew deliveries 36% from a year ago, but Musk’s comment on the last earnings call was for 50% delivery growth. They will have to pick up the pace for deliveries for the rest of the year.” Chinese battery giant Contemporary Amperex Technology Co. Ltd. fell as much as 2.5% while South Korea’s LG Energy Solution Ltd. rose 0.5%. Tesla accounts for 12% of CATL’s sales, and 25% of LG Energy’s sales, according to data compiled by Bloomberg.
“With everything going on in the macro environment, these are very good numbers,” said Ben Kallo of Robert W. Baird.
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