A record quarter for deliveries by Tesla is further proof that the market for green vehicles in the United States is expanding and that Tesla does not have demand issues, a former executive at Chrysler and Toyota told CNBC on Tuesday.
Tesla shares jumped more than 7% in extended trading after announcing 95,200 vehicle deliveries in the second quarter, topping expectations of 91,000, according to analysts surveyed by FactSet. The company delivered just 63,000 vehicles in its first quarter as the electric auto maker was plagued by production issues, but that disappointing number also led analysts to question whether Tesla had a demand issue.
“I think demand was there,” Jim Press, a longtime auto executive who was president of Chrysler and Toyota. said on “Closing Bell. ” “I think a lot of this quarter was really done by stoking up production. They had a lot of unfilled orders, especially outside the United States.”
Tesla CEO Elon Musk has been stressing to investors that there is a…
