Toronto, Ontario — Tesla meets Wall Street delivery estimates for the second quarter of 2021, Magna witnesses decreased short interest and Fisker sees its stock rise nearly 50 percent in June, all in this week’s Tuesday Ticker.
Tesla tips the scales
Tesla delivered more than 200,000 vehicles in the second quarter of 2021.
Tesla delivered a total of 206,421 vehicles in Q2 2021, delivering a total of 201,250 cars—an increase of 121 percent, year over year.
Of those deliveries, 199,360 were Model 3s or Model Ys and 1,890 were Model S/X varieties.
With the automaker’s Q2 deliveries, Tesla has delivered a total of 386,050 cars in 2021 thus far. Tesla did not officially release this year’s goal plans, though this year it expects “to achieve 50 percent average annual growth in vehicle deliveries” in its Q1 Update Letter in the wake of its 36 percent growth in 2020.
Melancholy Magna
Magna International saw a significant decrease in short interest last month, with dips of more than 15 percent.
As of June 15, Magna held short interest totalling 1,730,000, a decrease of 2,070,000 shares and 16.4 percent. Approximately 0.6 percent of the shares in the company are short-sold, according to MarketBeat.
Overall, Magna stock was down nearly seven percent for the month of June.
Fisker fuels gains
Shares of Fisker crushed the stock market in June, climbing 45.4 percent according to data from S&P Global Market Intelligence.
The catalyst for the rise, said S&P, was the manufacturing contract with Aurora, Ontario, based Magna International, as well as the stock’s addition to the Russell 3000 index on June 28.
