Tesla stock surges as quarterly vehicle deliveries beat Wall Street estimates
How much did Tesla's stock increase on Tuesday?
Tesla's stock increased by more than 10% on Tuesday, following the company's report of quarterly vehicle deliveries that surpassed Wall Street estimates1. This surge contributed to the stock's overall rally of more than 55% since its 52-week low on April 22.
What were Tesla's vehicle delivery numbers for Q2?
Tesla's vehicle delivery numbers for Q2 2024 were 443,956, which beat Wall Street estimates1. This included 422,405 Model 3 and Model Y vehicles, and 21,551 other models. The Q2 total delivery figure is higher than the 386,810 vehicles delivered in Q1 but lower than the 466,140 delivered in the same period a year ago.
How do Q2 deliveries compare to last year's numbers?
Tesla's Q2 deliveries for 2024 were 443,956 vehicles, a 5% decrease compared to 466,140 vehicles delivered in the same period last year2. Despite the year-over-year drop, the figures surpassed analysts' consensus estimates of 439,000 deliveries.