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Tesla Q2 Deliveries Evidence of 'True Growth Story,' EV Maker On Track to Exceed 2021 Deliveries Forecast: Gene Munster

Tesla Q2 Deliveries Evidence of 'True Growth Story,' EV Maker On Track to Exceed 2021 Deliveries Forecast: Gene Munster
Tesla, Inc. (NASDAQ: TSLA) reported record quarterly deliveries for the June quarter. Commenting on the data, Loup Ventures managing partner Gene Munster said the deliveries are further evidence of a "true growth story."

Tesla In Slope of S-Curve: Excluding the impact of easy comps, Tesla appears to be in the slope of its "S-curve" due to a combination of consumer willingness to buy EVs and the company's winning formula of performance and value, analyst Munster said.

The June quarter deliveries represented a 122% year-over-year growth, accelerating the 109% growth in the March quarter and 61% growth in the December quarter, the analyst noted. The overall auto industry is growing around 55% in the June quarter, Munster added.



Tesla Q2 Deliveries Evidence of 'True Growth Story,' EV Maker On Track to Exceed 2021 Deliveries Forecast: Gene Munster
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