The strong results and ambitious goal were good news to investors in the high-flying stock, which has gained more than 400% so far this year. Shares of Tesla ( climbed once again in after-hours trading on the earnings report. )
There had been doubts that Tesla could achieve its goal of delivering 500,000 cars to customers this year, given the shutdown of its plant in Fremont California earlier due to the Covid-19 pandemic ordered by local health authorities. It has delivered 319,000 cars in the first three quarters of this year.
This is a developing story.