Tesla Delivers 480,126 Vehicles, Beating Estimates by a Wide Margin
Yahoo Finance ·
Tesla Delivers 480,126 Vehicles, Beating Estimates by a Wide Margin Khac Phu Nguyen Thu, July 2, 2026 at 3:39 PM EDT 1 min read TSLA 002594.SZ This article first appeared on GuruFocus . Tesla ( NASDAQ:TSLA ) delivered 480,126 vehicles worldwide in the second quarter, sharply exceeding Wall Street's modest expectations of 396,466 vehicles. The result marked a 25% increase from a year earlier, suggesting Tesla's core EV business may be regaining momentum even as the global plug-in car market grows more slowly. Warning! GuruFocus has detected 8 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. Tesla's delivery figure still trailed BYD, which retook the global lead with 557,090 fully electric car sales. CFRA Research analyst Garrett Nelson said the stronger-than-expected result was likely driven mainly by China and Europe, while Tesla shares fell as much as 3.5% in New York trading after initially gaining, following a four-day rally of more than 13%. Investors may now be looking beyond Tesla's vehicle deliveries and toward Elon Musk's broader growth story around AI, autonomy and robotics. Tesla plans to spend more than $25 billion this year, roughly three times last year's level, as Musk invests in Optimus humanoid robots and autonomous Cybercabs. The company's energy business also bounced back, deploying 13.5 gigawatt hours of storage products last quarter, up 53% from the first three months of the year.
DYAX Investor Sentiment
Bullish (Long) 47% · Bearish (Short) 53%
538 participants
Related News
- Navient hit by cyber attack exposing sensitive customer details
- Meta CEO says agent development not accelerating as expected: report
- U.S. drilling rigs rise by 7 for 10th gain in 11 weeks, Baker Hughes says
- 5 Artificial Intelligence (AI) Stocks to Load Up On in July
- Navient reports data breach involving third-party law firm
- Update: US Equity Indexes Mixed as Weak Jobs Data Trigger Rotation Out of Growth Stocks