ASX closed higher; Tesla deliveries hit a new record in Q3; Qantas rallied on Emirates deal extension

The ASX200 closed 1.29% higher at 7278.50 on Monday.

Tesla set a new record for deliveries in Q3, topping 241,000.

Qantas rallied on a five-year extension of partnership with Emirates.

The Australian market started the week in positive territory, closing Monday’s session 1.29% higher at 7278.50 points driven by strong gains in the financials sector.

The tech sector closed lower on Monday as a 2.64% rally for Tyro Payments was offset by solid losses for Xero, Megaport and Appen.

Bitcoin is trading 0.39% lower over the last 24-hours at US$47,794.77 at 4:15pm AEDT.

Tesla exceeded expectations and smashed its own record for deliveries in the September quarter in data out over the weekend. The EV leader revealed deliveries were up 73% to 241,300 cars for the third quarter, well exceeding the target range of 222,000 to 233,500 vehicles delivered.

Making headlines, Qantas shares took flight today after the national carrier announced it has extended its partnership with Emirates for another five-years with the option to renew again after the five-years is up. The ASX announcement states the airlines ‘will seek re-authorisation from relevant regulators to continue the partnership’.

And South Korean internet service provider, SK Broadband is suing Netflix over traffic skyrocketing as a result of users streaming the ‘Squid Game’ series, in a bid to make Netflix pay for network access for releasing such popular content that requires higher processing speed.