Tesla Just Keeps Delivering More Cars. That Should Be Good News for the Stock.

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Another quarter, another record. Tesla is growing rapidly despite a global automotive semiconductor shortage that is roiling car production across the globe.

The electric vehicle pioneer on Saturday reported a record quarter with deliveries up more than 70% from a year ago. Calling the stock reaction on Monday is a coin flip, but one day’s stock performance doesn’t really matter. Strong deliveries usually mean good news for Tesla bulls down the road.