Tesla stock surges after record quarter, but there is still a long way to go

Tesla Inc. delivered a record number of electric cars in the second quarter, but still has a long way to go to live up to Chief Executive Elon Musk’s promises for the year.

The electric-car company reported delivery of 95,200 cars in the second quarter Tuesday afternoon, a record for a three-month period and higher than analysts expected. Tesla TSLA, -1.15% shares, down more than 30% so far this year after a disappointing performance in the first quarter, jumped more than 7% in after-hours trading following the announcement.

After delivering a record 91,000 cars in the final three months of 2018, Tesla hit issues with logistics as deliveries of the Model 3 moved beyond the U.S.

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