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Tesla shares gain for a second straight session on Friday, delivery rate reaches 1 000 vehicles per day, Electrek reports

Tesla Inc is seeking to bolster its US vehicle sales even further, so that it could achieve record quarterly deliveries, Electrek reported last week.

Tesla shares closed higher for a second consecutive trading session on NASDAQ on Friday. The stock went up 0.47% ($1.01) to $214.92, after touching an intraday high at $216.65, or a price level not seen since June 12th ($223.38).

Shares of Tesla Inc have retreated 35.42% so far in 2019 compared with an 18.15% gain for the benchmark index, Nasdaq 100 (NDX).

In 2018, Tesla’s stock went up 6.89%, thus, it outperformed the Nasdaq 100, which registered a 1.04% loss.

The US electric car maker seeks to deliver between 33 000 and 36 000 vehicles in North America this month in order to achieve a new delivery record. Additionally, Tesla employees are being offered incentives to keep them motivated to achieve the objective.

According to Electrek, citing sources with knowledge of the matter, Tesla has achieved a delivery rate of nearly 1 000 vehicles per day in North America so far in June.

“Furthermore, there are almost 7,000 more deliveries planned over the next 7 days and even more last-minute deliveries are expected over the last week of the quarter as buyers try to get deliveries before the now $3,750 federal tax credit on Tesla vehicles goes down again,” Frederic Lambert reported for Electrek.

According to CNN Money, the 29 analysts, offering 12-month forecasts regarding Tesla Inc’s stock price, have a median target of $238.00, with a high estimate of $530.00 and a low estimate of $140.00. The median estimate represents a 10.74% upside compared to the closing price of $214.92 on June 14th.

The same media also reported that 10 out of 32 surveyed investment analysts had rated Tesla Inc’s stock as “Buy”, while other 10 – as “Hold”. On the other hand, 9 analysts had recommended selling the stock.

Weekly Pivot Levels

By using the traditional method of calculation, the weekly levels of importance for Tesla Inc (TSLA) are presented as follows:

Central Pivot Point – $215.27
R1 – $223.03
R2 – $231.14
R3 – $238.90
R4 – $246.66

S1 – $207.16
S2 – $199.40
S3 – $191.29
S4 – $183.18

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