Coronavirus: Tesla surges, but latest jobs data darkens Wall Street

Coronavirus: Tesla surges, but latest jobs data darkens Wall Street

4 years ago
Anonymous $9CO2RSACsf

https://www.siliconvalley.com/2020/04/03/coronavirus-tesla-surges-but-latest-jobs-data-darkens-wall-street/

Bay Area stocks put in a mixed performance on Wall Street, Friday, with Tesla shares rising following the electric carmaker’s vehicle delivery report, and many other local companies losing ground following the latest grim economic report related to the coronavirus pandemic.

Tesla was up by 9%, at $495.45 a share, after the company said on Thursday that it delivered more than 88,000 vehicles to customers during the first three months of the year. Tesla’s results included the first deliveries of its Model Y crossover vehicle, and the effect of plant shutdowns in China and Fremont, which closed as part of efforts to contain the spread of coronavirus.