Tesla shares rise on record electric car sales in first quarter of 2021

Fahad PervezWeb Editor

05th Apr, 2021. 11:37 pm

The world’s largest car selling company Tesla Inc’s shares rose by almost 8 percent in pre-market trading.

As per reports, the firm saw great record demands in electric cars in the first quarter of this year.

However, the world is suffering from the global chip shortages that are used in these vehicles. The car company also claimed that there was a strong demand for its Model Y crossover in China, which was quickly progressing to full production capacity in the region.

As per the analysts J.P Morgan during the first quarter, the company shipments 184,800 vehicles across the globe, which is higher than the previously estimated 177,822 vehicle deliveries.

Earlier, Tesla’s Chief Executive (CEO) Elon Musk has good news for those who are willing to buy the electric car.

Taking to Twitter, Elon Musk reveals that a person can now buy a Tesla using Bitcoin, the world’s largest cryptocurrency.

“You can now buy a Tesla with Bitcoin,” he tweeted.

The other tweet read, “Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

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