Tesla Jumps After Setting Model S Sedan Delivery Date

Tesla TSLA shares gapped higher at the open on Tuesday morning after the electric car maker said that it will begin delivering the Model S sedan to customers on June 22. At last check, TSLA shares were trading up around 6% to $30.46. The company has said that it has more than 10,000 orders for the vehicle. In a statement, Tesla co-founder and CEO Elon Musk said that the start of deliveries "represents Tesla's transition to a mass-production automaker and the most compelling car company of the 21st century."