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Tesla's market value set to gain $50 billion on record EV deliveries

The company said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.

Tesla
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Tesla delivered 184,800 vehicles globally during the first quarter of 2021, above estimates of 177,822 vehicles

Reuters
Tesla Inc was set to add about $50 billion to its market value as the electric car-maker's shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset the impact of a global shortage in auto parts.

The stock jumped nearly 8% in pre-market trading and it was on track to hit its highest in over a month.

The company said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.

Analysts remained hopeful as despite a global