Tesla Quarterly Deliveries Jump 25%. Here’s Why the Stock Fell Anyway.
Tesla reported 2026 electric vehicle deliveries that came in ahead of consensus estimates.
Overview
After several quarters of a struggling electric vehicle (EV) business, Tesla (NASDAQ:TSLA) finally delivered results that one would have expected the market to like.
The company reported over 480,000 EV deliveries in the second quarter of the year, up 25% year over year. The number also beat Wall Street consensus estimates of 406,000.
Details
Despite the beat, Tesla stock closed the day down 7.5%.
Source
Originally published at www.fool.com.
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