Tesla’s market surge rose to $298.52 shortly after it announced its first quarter vehicles deliveries of 25,418, exceeding analysts’ expectations of 24,200 deliveries only. In details, deliveries were 13,450 Model S and 11,150 Model X.
The all-electric company passed Ford in terms of market cap. Tesla’s shares have climbed to about $48.2 billion, surpassing Ford by 3.1 billion.
Tesla’s CEO, Elon Musk, even trolled on Twitter: ‘’Stormy weather in Shortville …’’
Twitter followers then shared screenshots of previous predictions by Musk in 2016. One read: ”@ElonMusk What would you say to someone who is shorting your stock?” Musk replied in 2016: ”@Brianmrtz probably unwise.”
This was not the first time Musk teased his competitors or used Twitter to respond on an issue regarding Tesla’s performance, he tackled a common misconception about the soon-to-be-launched Model 3 earlier this year: ‘’Am noticing that many people think Model 3 is the ‘’next version’’ of a Tesla, like iPhone 2 vs 3. This is not true.’’ In one tweet.
Then he added: ‘’Model 3 is just a smaller, more affordable version of Model S [with] less range & power & fewer features. Model S has more advanced technology.’’
‘’Model 3 was going to be called Model E, for obvious dumb humor reasons, but Ford sued to block it, so now it is S3X. Totally different :),’’ Musk finished.