Though Tesla‘s (NASDAQ: TSLA) stock has come down recently, shares are still up nearly 700% since the beginning of 2020. In order to keep investors excited about the electric-car company‘s future, therefore, Tesla has to keep demonstrating its ability to grow quickly. After all, the growth stock is priced for rapidly rising sales not just this year but for years to come.
Fortunately, Tesla’s just-released first-quarter vehicle deliveries report didn’t disappoint. Not only did the automaker report higher deliveries than in any quarter yet, but it handily surpassed analysts’ expectations.