Tesla’s second-quarter vehicle deliveries jumped 34% sequentially, exceeding Wall Street forecasts by nearly 74,000 units.
Tesla reported 480,126 vehicle deliveries in the second quarter, surpassing Wall Street estimates of 406,600. The figure reflects a sharp rebound from 358,023 deliveries in Q1 and a 25% increase over the same period last year.
Production also rose to 451,758 vehicles, indicating operational improvements after a sluggish start to 2024. Analysts had anticipated a softer quarter due to model transitions and supply chain adjustments.
Shares showed volatility following the release but stabilized near unchanged levels in early trading.