Strong sales power Tesla

Posted by Financial Times

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Shares in Tesla Motors, the electric carmaker, hit another new high in after-hours trading on Wednesday, despite a quarterly dip in revenues, as sales of its Model S beat expectations and deliveries began in Europe.

Elon Musk, Tesla’s chief executive, said the California-based manufacturer had delivered 5,150 electric vehicles in the three months to June 30, above its forecast of 4,500, as Tesla expands into Europe and Asia.

 

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