Tesla’s global deliveries surged 83% in the second quarter, helped by sharp price cuts and hefty discounts as the electric-car maker chases growth in an increasingly competitive marketplace.
The car company led by billionaire Elon Musk said Sunday that it delivered more than 466,000 vehicles to customers worldwide in the April-to-June period, a record quarter for sales.
The better-than-expected results give Musk new ammunition in his argument that demand remains strong for his aging lineup as he gambles that pursuing growth at the expense of profitability will have long-term benefits for the electric-car maker.
Read the full story on The Wall Street Journal here.