Tesla shares soar 10% on better-than-expected Q2 deliveries report
Tesla just posted its second-quarter vehicle production and deliveries report for 2024, reporting that it produced 410,831 vehicles and delivered 443,956.
Deliveries are the closest approximation of sales disclosed by the electric vehicle maker.
Tesla’s deliveries beat Wall Street estimates, but the total number was down 4.8% from a year earlier.
Deliveries are the closest approximation of sales disclosed by the electric vehicle maker.
Tesla’s deliveries beat Wall Street estimates, but the total number was down 4.8% from a year earlier.
Tesla shares jumped 10% on Tuesday after the company posted second-quarter vehicle production and deliveries numbers that beat analyst expectations.
Here are the key numbers:
Total deliveries Q2 2024: 443,956 vehicles
Total production Q2 2024: 410,831 vehicles
Here are the key numbers:
Total deliveries Q2 2024: 443,956 vehicles
Total production Q2 2024: 410,831 vehicles
Analysts expected Tesla deliveries to hit 439,000 in the three months ending June 30, according to a consensus of estimates compiled by FactSet StreetAccount. The total number of deliveries in the second quarter fell 4.8% from 466,140 a year earlier but rose 14.8% from the first quarter.
The stock closed Tuesday at $231.26, and is down about 7% in 2024.
The stock closed Tuesday at $231.26, and is down about 7% in 2024.
Investor focus will now shift to Tesla’s second-quarter earnings report later this month and a separate marketing event planned for August when the company intends to reveal its design for a dedicated robotaxi or “CyberCab.”
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