Tesla shares accelerate toward $300 on spike in deliveries and charging deal with major automakers
Tesla is roaring back from a dismal 2022 as company shares, which have already doubled this year, were driven higher Monday by a spike in second-quarter deliveries Tesla is roaring back from a dismal 2022 as company shares , which have already doubled this year, were driven higher Monday by a spike in second-quarter deliveries . Shares jumped 7% to a new high for 2023 after the electric car maker said its deliveries in the most recent quarter rose 83% compared with the same period last year. Tesla cut prices several times on its four electric vehicle models and buyers took advantage of U.S. government tax credits. Tesla was pummeled in 2022, pushing shares down nearly 70%. Shares were in decline for most of the year and went into a near freefall after Tesla CEO Elon Musk acquired Twitter in a $44 billion deal. Musk's takeover at Twitter has been anything but smooth and a myriad of issues have continued to turn off users and advertisers. Musk on Friday said the company would limi...