Tesla's record-setting quarterly delivery numbers mark a paradigm change

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Tesla's record-setting quarterly delivery numbers mark a paradigm change

According to Tesla, the record-setting quarterly delivery figures of Tesla on Friday may be a paradigm change for the electric car maker and for those considering an investment.

The brokerage upgraded Elon Musk's automaker to an outperform rating from neutral and told clients that Tesla's first-quarter deliveries'first-quarter numbers show that pent-up demand for its Model 3 and Y is hitting its next stage of growth.

While the Tesla and EV companies have been under significant pressure so far this year, we believe that the tide is turning on the market and the 'eye popping' delivery numbers coming from China can not be ignored, Wedbush analyst Daniel Ives wrote.

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