Price cuts appear to be paying off handsomely for Tesla, with the company delivering a record number of its electric vehicles in its latest quarter.

News of an encouraging performance in the three months to the end of June, in turn, added more fuel to the company’s stock market recovery, with its shares rising by nearly 7 percent yesterday to their highest level in almost ten months.

Indeed, the stock has more than doubled since the start of January, regaining some of the ground lost last year as concerns mounted over the strength of consumer demand for Tesla’s high-end, high-tech cars and the potential fallout from the $44 billion takeover of Twitter launched by Elon Musk, the carmaker’s boss.

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The article was written by – Emma Powell