Tesla’s second-quarter vehicle deliveries exceeded expectations, boosting shares briefly in early trading.
Tesla reported delivering 480,126 vehicles in the second quarter, surpassing the 406K estimate. The figure reflects a rebound in production and demand after prior supply chain challenges.
The company produced 451,758 units during the period, while also deploying 13.5 GWh of energy storage products. Analysts had anticipated lower delivery numbers amid concerns over competition and macroeconomic pressures.
Shares rose briefly following the release before stabilizing in early trading.