By admin Apr, 03, 2020 Stock Market

 Tesla stock (TSLA) was up by as much as 80 dollars after the company's earnings report was released today. The stock had a great run before the coronavirus selloff knocked it down back to around $400.00 per share from $968.00 per share.  

When the coronavirus began to spread from Wuhan, China, Tesla was forced to shut down its plant. As a result, the stock sold off heavily and it hasn't picked back up to the $900 range since then. 

 Key takeaway from Tesla's earnings report that was released today. 

• 89,000 vehicles Delivered (75,700 of it is Model 3)
• Comfortably exceed” sales of 500,000 electric vehicles in 2020. - Musk
• Tesla only expected the COVID-19 outbreak to delay production in China by less than two weeks.
• Tesla said it produced about 103,000 vehicles total, including 15,390 Model S and X, and 87,282 Model 3 and Model Y vehicles as of March 31. 

Model Y deliveries begin!https://t.co/ZhuiM5MTOf pic.twitter.com/3gX6MBPmhp

— Tesla (@Tesla) March 16, 2020

Tags: TSLA Stock Earnings Report Investment

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