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Tesla stock jumps 7% after record-breaking deliveries in the 1st quarter

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    • Tesla jumped 7% on Monday after the electric carmaker released its record-breaking first-quarter results Friday.
    • The company revealed that 184,800 vehicles were delivered for the quarter versus 180,570 cars in the previous quarter.
    • Wedbush analysts upgraded Tesla to “outperform” and raised its target price to $1,000 from $950.

    Tesla stock jumped 7% on Monday after the electric carmaker released record-breaking first-quarter results last Thursday ahead of the Good Friday holiday, which topped Wall Street expectations.

    The company last week revealed that 184,800 vehicles were delivered and 180,338 cars were produced for the first three months of 2021, despite major production and supply-chain headwinds. Tesla in the final quarter of last year delivered 180,570 cars.

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