EnergyWatch

Tesla has new confidence in sales and deliveries in June

May has been rough for electric vehicle manufacturer Tesla, but now stock seems to recover following reports of increased car sales.

Photo: PR Tesla

Following a rough May in which Tesla's stock price dropped by 22 percent, as investor skepticism about the company's growth prospects increased, sentiments may have changed in June. Stock has increased by 10 percent, as the electric vehicle manufacturer wins 4 percent on Thursday.

The newly found positive sentiment is due to reports of and speculation about car sales at Tesla actually doing well, despite fear of the opposite.

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