Tesla stock surges after setting new delivery and production records

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Tesla set new production and delivery records during the second quarter, delivering 95,200 vehicles versus 91,000 expected.

The company delivered a record 95,200 vehicles, producing 87,048 cars.Silas Stein | picture alliance | Getty Images

The company's stock jumped by about 7% in after-market trading. Tesla also hinted at a strong third quarter, saying it's entering the period with a backlog of orders.set investors' expectations high in a June 25 companywide email, saying the electric-car maker was on course to deliver a record number of cars throughout the quarter. He wasn't exaggerating. The company delivered 95,200 cars during the the three months ending June 30 — a 51.

Tesla's deliveries also blew away analysts' estimates of 91,000, according to data compiled by FactSet. A disappointing 63,000 vehicles were delivered during the first three months of the year, when Tesla was plagued by challenges transporting cars from its factory in Fremont, California, across the world as well as questions about waning customer demand.

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