Tesla shares are up in double digits – but some analysts advise caution

Tesla Model 3

Strong sales figures ensure price jumps.

(Photo: AP)

new York Tesla is causing emotions on the stock market: the e-car pioneer started the new year with a price jump of more than twelve percent at times. And several analysts expect further growth.

The reason is the surprisingly high number of deliveries in the fourth quarter. This also makes investors forget the quality problems that recently resulted in hundreds of thousands of vehicles being recalled.

Last year, Tesla’s share price had already risen around 50 percent. This means that the company joined the exclusive club of trillion dollar companies in the fall, which previously only included the four big tech companies in the US – Apple, Amazon, Microsoft and Alphabet.

Now Tesla is delighting shareholders again. From October to December, the group delivered a total of 308,600 e-cars to its customers – significantly more than expected. The increased production at the Tesla plant in China also helped.

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