Tesla’s bumper delivery numbers charge up shares

Published by
Reuters

By Nivedita Balu and Aniruddha Ghosh (Reuters) -Tesla Inc’s shares started the year with stellar gains after the electric carmaker reported record deliveries for the fourth quarter, allaying fears of supply chain woes that have hit automakers. Shares of the world’s most valuable carmaker ended up 13.5% at $1,199.78 each on Monday, marking the biggest daily percentage gain in nearly 10 months. Analysts expect the strong delivery numbers to bolster 2022 expectations and see the pace of expansion of its new factories in Berlin and Texas to be large determinants. “We expect a gradual ramp of Berli…

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