Tesla Motors reported on Thursday, July 2 that the company has 11,507 Model S deliveries for Q2 2015.

This marks a new company record for the most cars delivered in a quarter. It also represents an approximate 52% increase over Q2 last year.

After the news of these numbers on Thursday, the stock’s average cost has risen from $270 t0 $280 per share. The car company is meeting the demand from the audience. The company has major plans to expand moving through the next several years.

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