According to the app Intelligence provided by Ying Tong, Tesla (TSLA.US) presented a delivery report in the second quarter that exceeded market expectations, with a total delivery of 443,956 vehicles, which is higher than the analyst's generally predicted 436,000 vehicles. According to FactSet data, this is the first time in the past four quarters that it has exceeded expectations, and the magnitude of the excess is the largest since the fourth quarter of 2021.

Tesla stated that it delivered 443,956 vehicles in the second quarter, a decrease of 4.7% year-on-year, but 1.8% higher than FactSet's estimate of 436,000 vehicles. During this production cycle, Tesla produced 410,831 vehicles. The company pointed out that 2% of the total deliveries were affected by operating lease accounting treatment. The second-quarter delivery includes 422,405 Model 3 and Model Y vehicles, while the delivery of other models is 21,551 vehicles.

Prior to Tesla's disclosure of delivery data, its stock price fell, and the market was generally concerned that its delivery performance would be lower than expected. Subsequently, negative sentiment further intensified. China Passenger Car Association data showed that Tesla's wholesale sales of Model 3 and Model Y in June dropped to 71,007, a decrease of 2.2% from May. This led analysts to continue to hold expectations of volatility in Tesla's upcoming delivery data.

Barclays Bank had lowered its delivery forecast to 415,000 vehicles, indicating an 11% decrease from the same period last year. Royal Bank of Canada's capital market also lowered its expectation to 410,000 vehicles, while a few months ago the bank's expectation was 533,000 vehicles. At the same time, UBS Group maintained an expectation of 420,000 vehicles. For comparison, Tesla delivered 386,810 vehicles in the first quarter, and 466,140 vehicles in the second quarter of last year. Tesla's highest single-quarter delivery record in history was in the fourth quarter of 2023, when it delivered 484,507 vehicles.

Before Tesla's highly anticipated self-driving taxi launch on August 8th, the electric vehicle industry leader will release its second quarter financial report on July 23. The market will pay special attention to its automotive gross margin performance. It is worth noting that Tesla's recent performance record shows that it has missed quarterly expectations more times than exceeded them. In the past four quarters, Tesla's share price has fallen in the week following the release of three quarterly reports.

Nevertheless, Tesla's stock price soared 7.07% in early Tuesday trading, benefiting from the positive impact of the upcoming Robotaxi event. The stock price of this electric vehicle manufacturer has risen more than 20% in the past six weeks.

Meanwhile, Lucid Group (LCID.US) in the same industry rose 3% in early trading, while Rivian Automotive's (RIVN.US) stock price also rose 4%, showing a generally optimistic attitude towards electric vehicle manufacturers in the market.