China EV war: Tesla demand fuels 'home run' quarter as NIO, Xpeng step up rivalry with five-fold surge in deliveries | South China Morning Post

Tesla's market-smashing deliveries of electric vehicles (EVs) in the first quarter suggest Chief Executive Elon Musk's bet on growth in China and Europe is starting to pay off. The results marked a strong start to a year in which Musk is counting on global operations to help scale-up production and sales. Tesla delivered 184,800 cars worldwide in the first quarter, exceeding the 169,850 average estimate in a Bloomberg survey of analysts. It represents an increase of about 4,000 vehicles over the preceding quarter. The latest quarter was "a massive home run in the eyes of the bulls," Dan Ives at…