Tesla shares rise more than 13% after exceeding expected deliveries

The shares of the electric car firm Tesla Inc. they shot up this Monday in Wall Street, on the first day of negotiations in 2022. With an advance of 13.53% to 1,199.78 dollars, it led the gains in the stock market and was located less than 50 dollars from its historical record.

The strong price movement was recorded after the company reported figures above market expectations for vehicle deliveries. Tesla’s fourth quarter was marked by a delivery of 308,000 that compares against an expectation of 263,000 cars.

Some analysts mentioned that the result, with which the company added 936,172 units, was even more outstanding when taking into account the problems that were registered during 2021 in the supply chain, as well as the shortage of chips that did affect giant technology companies .

Tesla data strengthens expectations for demand for electric cars. The Chinese rival company Nio, with a price for its ADR much lower, appreciated 5.65% to 33.47 dollars. Nio deliveries grew 44%, a mark for the firm, reaching 25,034 vehicles for the year.

Nikola, another of the most famous electric car companies, but which has not had a similar behavior to that of its peers in recent times, also registered a strong advance this Monday. Their papers closed the session with a gain of 3.75% in 10.24 dollars per unit.

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Reference-www.eleconomista.com.mx

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