After price cuts, Tesla posts record quarterly deliveries, up 4% from the previous quarter

After price cuts, Tesla posts record quarterly deliveries, up 4% from the previous quarter.

Tesla Inc. reported record quarterly vehicle deliveries on Sunday, but despite price reductions brought on by increased competition.

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Tesla increased 4% from the prior quarter’s first-quarter delivery total to 422,875 units.

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Investors are keeping an eye on Musk’s bet that lowering prices will increase sales.

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