7/6/2020, 9:32 PM (Source: TeleTrader)
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Tesla surges 11% on strong deliveries

Tesla shares traded on new all-time highs on Monday, jumping over 11% on deliveries optimism.

Last week, the electric carmaker stated that it exceeded its delivery expectations in the second quarter despite the coronavirus pandemic. The announcement led JMP Securities to increase its price target for Tesla from $1,050 to $1,500.

The company's shares jumped 11.18% at 3:30 pm ET and went for $1,343.81. Tesla stocks are now up 32.88% over the past week and 220.61% year to date.

Breaking the News / VP