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As per the latest reports, Tesla has shared details around the deliveries of the electric vehicles that it has achieved in the second quarter of 2021. The largest electric car manufacturing company in the entire world has revealed that it has delivered 201,250 in the second quarter of 2021.
According to Tesla, the sales it has achieved in the second quarter of 2021 are less than what was expected for the particular quarter. The analysts at Tesla had predicted that the company would be able to deliver 201,820 vehicles in the second quarter of 2021.
However, things did not turn out the way the analysts had predicted. However, the company has still managed to deliver vehicles close to the predicted figure. The estimation that the company analysts had set for the deliveries was between 190k and 231k. After revealing the sales figures achieved in the second quarter of 2021, Tesla has managed to gain an increase in its share prices.
As of Friday, July 2, 2021, the share prices of Tesla have increased by 1.5%. This is something that has proven to be very promising for Tesla as the company is currently facing many problems.
The company is currently under the radar of the countries with the largest economy as well as the electric vehicle markets. The United States and China are both currently running their investigations over Tesla’s software for autonomous vehicles.
In recent months, Tesla has been heavily criticized by the regulatory authorities as well as many EV enthusiasts over its auto-pilot feature. Initially, Tesla was criticized for testing the autonomous software directly through the vehicles of the customers.
After that, Tesla came under a lot of pressure due to its handling of Bitcoin (BTC), which itself has become a very hot and sensitive topic. Then the company faced another problem in China, where the vehicles would automatically end up activating cruise control mode.
The cruise control mode would start increasing the speed of the car making it almost unbearable to drive. This is the reason why the company had to recall more than 200,000 vehicles for fixing the software on all of them.
Ever since the beginning of 2021, Tesla’s share prices have experienced a significant dip and it has been struggling to make a comeback since then. Despite hitting all the records for EV car manufacturers in a week or a month, Tesla has still experienced a dip in its stock prices.
Even though many speculations were made against Tesla’s price drip, it has still managed to gain in on its stock prices. Even the company’s recent recall has helped it gin on its stock prices.
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