Tesla’s deliveries have crushed expectations. This should be good news for the stock.



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Another quarter, another record. Tesla is growing rapidly despite a global automotive semiconductor shortage that is disrupting automotive production across the globe.

The electric vehicle pioneer announced a record quarter on Saturday with deliveries up more than 70% compared to a year ago. Calling the stock market reaction Monday is a game of chance, but one day’s stock performance doesn’t really matter. Strong deliveries usually mean good news for Tesla Bulls on the road.

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