The stock of Tesla, Inc. (TSLA) surged 8.95% in the current market after the company announced its quarter 4 vehicle productions and deliveries. The stock of TSLA was trading at $1,151.31 at the time of this writing. It gained more than 7.8% from the previously closed value. At the end of the last trading session, the stock was closed at $1,070. The volume of the stock traded in the last trading session was around 23.43 million shares.
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Reason for the stock gain
On 2nd January 2022, Tesla announced their update on the operational side of the business of the 4rth quarter in a press release. They announced that in the 4rth quarter, Tesla achieved the milestone of producing more than 305,000 vehicles and delivered around 308,000 vehicles. Overall in 2021, they produced more than 930,000 and delivered more than 936,000 vehicles.
In quarter 4, they produced and delivered 13,109 and 11,750 of Model S/X respectively. The difference between production and delivery was around 17%. Also, they produced and delivered 292,731 and 296,850 of Model 3/Y respectively. The difference between production and delivery was around 5%.
Tesla, Inc. (TSLA) also announced in the same press release that soon they will announce the net income and cash flow results combined with the rest of the financial performance of the 4rth quarter. They also said in the press release that the impact of the current operational result may vary 0.5% or more.
Effect on the stock gain
After releasing the operational information about its business, the stock of Tesla surged in the pre-market, and investors were seen to respond positively to the news. It’s a major achievement for the company to enter 2022 with a positive note. Tesla, Inc. (TSLA) will announce the result of the 4rth quarter soon. It is expected that the revenues have increased.
Conclusion
The stock of the Tesla, Inc. (TSLA) is gaining after updating its stakeholders about its operational milestones. The result of the 4rth quarter is expected soon to be announced, which will have a positive impact on the stock.
