[Moo Brief] TSLA: King of the hill - Is Q2 vehicle delivery the sole driver of stock surge?
![[Moo Brief] TSLA: King of the hill - Is Q2 vehicle delivery the sole driver of stock surge?](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240703/1719978271176-aeee96dbda.webp/big?area=103&is_public=true)
Behind the 15% rise within 2 days is $Tesla (TSLA.US)$'s Q2 vehicle delivery number of 443,956, higher than the market expectation of 438,000. Despite a 5% delivery decrease compared to Q2 2023, the narrower decrease in Q2 2024 surprised the market and led to improved inventory and profits, boosting the stock price.
![[Moo Brief] TSLA: King of the hill - Is Q2 vehicle delivery the sole driver of stock surge?](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240704/1720061182866-2d2091e072.png/big?area=103&is_public=true)
In a market where intense competition has raised concerns about demand for new energy vehicles, $Tesla (TSLA.US)$'s Q2 performance has undoubtedly relieved these concerns, generating optimism and trading fervor.
![[Moo Brief] TSLA: King of the hill - Is Q2 vehicle delivery the sole driver of stock surge?](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240703/1719978241549-c9690921ec.png/big?area=103&is_public=true)
✎ Future: Energy storage business holds huge potential, strong rebound expected in H2?![]()
But is the growth in Q2 vehicle deliveries the only factor driving $Tesla (TSLA.US)$'s recent stock price increase? Not necessarily. $Tesla (TSLA.US)$'s energy storage business has enormous potential and is expected to meet the demand for electricity grids of many AI data centers.
In Q2, $Tesla (TSLA.US)$ deployed a record-high 9.4GWh of energy storage products, surpassing the total energy storage for all of 2023 in the first half of 2024. At the shareholders' meeting on June 13, $Tesla (TSLA.US)$ revealed that its energy storage and fixed battery pack business is growing rapidly, with an annual growth rate of 200% to 300%. $Tesla (TSLA.US)$ also announced earlier that it will deploy a new energy super factory in Shanghai, China.
✎Future: August's robotaxi creates Tesla's second growth line? ![]()
In addition, $Tesla (TSLA.US)$ is expected to launch its Robotaxi self-driving car service in August, using its proprietary FSD (Full Self-Driving) technology. This move is expected to disrupt the industry's traditional business model, which will undoubtedly trigger a strong market reaction.
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