Tesla Delivers a Blowout Quarter, Crushing Wall Street Estimates

Source Summary

Tesla delivered a much stronger-than-expected second quarter, reporting 480,126 vehicle deliveries, well ahead of Wall Street forecasts of roughly 406,600. The company also produced 451,758 vehicles during the period, signaling a meaningful improvement after a slow start to the year, according to CNBC. Shares were volatile on the news and have settled near unchanged into the cash open... The delivery total marked a sharp increase from 358,023 vehicles in the first quarter and was also significantly higher than the roughly 384,000 deliveries...