headed by Elon Musk In data released on Sunday, Tesla produced a record 466,140 cars globally, above Wall Street expectations.

Shares of BYD increased by as much as 3.2% on Monday morning in Hong Kong.

batteries for Tesla Amperex Technology Company, Inc.

Prior to limiting gains, LG Energy Solution Ltd. increased by 2.3% and 3.1% on Monday, respectively.

Tesla's performance proved that Chief Executive Officer Musk's promise to increase volume by lowering prices had the desired result.

According to a Bloomberg survey of analysts, the business shipped 448,350 automobiles during the quarter.

Ben Kallo of Robert W. Baird stated in a phone interview on Sunday morning that "it's a big beat."

The likelihood of another wave of price reductions has decreased as a result of this large delivery quantity.