(CNN) — Tesla sales and production were hurt by the Covid-19 pandemic and lockdowns. But not as much as some other automakers.
The electric car company reported Thursday it delivered 90,650 cars to customers during the quarter. That’s down 5% from a year ago, but far less than the drops of 30% or more reported by other automakers on Wednesday.READ MORE: Survivors Of Two Pandemics Credit Pets With Helping Them Survive
Tesla’s second-quarter sales were up a bit from the 88,400 cars it delivered in the first quarter.
Production was down, though, falling 20% from the first quarter, as Tesla’s factory in Fremont, California, was shut for a couple of months. CEO Elon Musk strongly objected to the orders to remain closed, calling stay-at-home orders “fascist” in a call with investors in late April. Tesla filed a lawsuit to get the factory open once again in mid-May.READ MORE: California's Capitol Lit-Up Pink for Second Night, Women Talk End of Roe v. Wade
The solid sales number was good news for those hoping that Tesla would be able to maintain its path of profitability despite the Covid-19 pandemic. Tesla’s stock, which had been up 6% in premarket trading before the sales and production release, climbed even higher on the news.
Shares have been on a run recently, making Tesla the most valuable automaker in the world, despite still having only a fraction of the sales of the established automakers. Shares are up 168% this year, through Wednesday’s close.MORE NEWS: Vehicle Crashes Into Heritage Oaks Hospital In Sacramento
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