Just about 384,000 Teslas were sent to customers in the second quarter, slightly below consensus calls, but plenty to impact business growth. Still, traders shrugged it off. Why, though?
🔋 Charge ‘Em Up
- Tesla stock TSLA jumped 5% Wednesday even though the company’s second-quarter delivery figures showed a 14% year-over-year decline — the second straight drop in quarterly deliveries.
- The EV giant delivered around 384,000 vehicles in Q2, missing consensus estimates and raising fresh questions about demand growth and production bottlenecks.
- Still, traders seemed to be looking past the soft numbers — maybe pricing in hopes for a rosier Q2 earnings update when Tesla reports after the close on July 23.
🚗 Competition Keeps Pressure On
