Shares of Tesla gapped up more than 10% in the early afternoon Monday after the company said it delivered 308,600 electric vehicles in the fourth quarter, and 936,172 vehicles for the full year. That was an 87% year-over-year increase. Wall Street expected Tesla deliveries of 267,000 in the quarter and 897,000 for the full year.
The stock is presenting a buy point above $1201.95.
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Kate Stalter is a widely acclaimed financial author and investing expert for U.S. News & World Report.
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