Tesla Just Delivered Fantastic News for Investors, but Don't Rush Out and Buy the Stock

Published July 6, 2026 · Category: Finance

Overview

Despite a 9% gain in the benchmark S&P 500 so far in 2026, Tesla (NASDAQ: TSLA) stock has moved in the opposite direction, posting a 12% loss (as of market close on Thursday, July 2). The company is coming off two straight years of declining electric vehicle (EV) sales, so investors are understandably cautious.

But on July 2, Tesla reported its EV deliveries for the second quarter of 2026 (ended June 30), blowing away Wall Street's expectations. They also grew for the second consecutive quarter, which suggests this critical part of Tesla's business might finally be recovering.

Details

That said, Tesla stock is trading at a sky-high valuation, which makes it a very tough investment despite recent improvements in its EV sales. Here's why it probably isn't a good buy right now.

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Source

Originally published at www.fool.com.

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