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5/6, 12:50 PM (Source: TeleTrader)
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Tesla Q2 production capacity already sold out - report

Strong demand for Tesla Inc.'s electric vehicles (EVs) has led to all of its units planned for the second quarter of the year being already sold out, Electrack reported on Thursday.

According to the website's sources, the company told its employees that production capacity for the second trimester has been sold out "with still almost two months left" in the period. The scheduled units of Model 3 and Model Y have already gone out of stock.

In the first quarter of the year, Tesla saw an annual rise in its total income of 74%, while its automotive revenue increased by 75% year-on-year.

Breaking the News / JR