In a notable development given myriad pressing questions about the company’s growth outlook, Tesla topped estimates with Q2 deliveries.
An update on Tuesday showed the company delivered 443,956 vehicles during the quarter. That was more than the 439,302 consensus expected.
The beat was welcome news for shareholders. Recall that deliveries missed badly in Q1, a result made worse by the fact that Street estimates had come in considerably. Q2’s result marked an improvement, but deliveries still fell on a YoY basis.
Q2’s 12-month decline was 4.8%, around half the size of Q1’s disconcerting YoY drop.
You know the story. This is a transition year for Tesla. They’re “between two growth waves,” as the company put it two quarters ago. So, make allowances. Or don’t. Musk doesn’t care either way. He’s got rockets to launch and social media companies to ru(i)n.
Telsa’s cut jobs and prices in a bid to shore up profitability, and although Musk managed to talk the shares higher after Q1’s earnings release with vague allusions to a new vehicle (presumably a sedan of some kind), details around a long-rumored “affordable” model remain sparse.
On the bright side, the stock’s on a roll, up half a dozen sessions in a row to the highest since mid-January. And that’s all that really counts, right?


Teslas may become the new Volkswagens under a 2nd and never-ending Trump administration … just sayin…
TBF, there’s also the perspective of robotaxis/efforts in AI… TSLA has a pretty interesting dataset for anyone trying to figure out self driving…