Tesla (NASDAQ: TSLA) shares soared after posting record breaking vehicle deliveries in the second quarter of 2019. Tesla ended up delivering 95,200 vehicles in quarter two, beating the analyst average estimates that hovered around 88,000 vehicles.
Elon Musk was pushing Tesla to meet delivery marks and even offered incentives to employees to do so. As a result, shares soared higher and higher during after-hours trading on Tuesday as the news came about Tesla beating delivery estimates.
The electric car king is delivering more and more of its newest model, the Model 3, to homeowners. The entry level electric vehicle was meant to be a more economical alnteriave to the high end Model S sedan and Model X SUV.
Boasting an impressive range, roomy interior, and intelligent auto-pilot technology, the Model 3 has made it possible for more car buyers to get a Tesla, with a starting price point at $39,900. Tesla also advertises a price point of $31,225 when including potential savings. According to Tesla the $31,225 cost “includes potential incentives and gas savings of $8,675).