Breaking: Tesla Hits New All-Time High After 4Q Deliveries

Investing.com — Tesla stock hit a new all-time high of $453.65 in early trading on Friday, after the company said it had delivered a record 112,000 vehicles in the three months through December.

“Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct,” Tesla said in a statement. “Final numbers could vary by up to 0.5% or more.”

The company has this week begun shipping cars from its new factory in Shanghai, less than 12 months after breaking ground on the project. The start of local production enabled it to cut prices for the Model 3 sedan by 9%, in a move that should help it gain more traction in the world’s largest market for electric vehicles.

By 9:48 AM ET, the stock was at $447.37, up 4.0% on the day.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.