Shares of Tesla (TSLA) gained 10% after the company reported second-quarter electric vehicle (EV) delivery numbers that were not as bad as feared.
The company’s stock is up 3% in premarket trading today (July 3) after rising 10% in the previous trading session following the release of its Q2 delivery numbers.
Tesla’s deliveries totaled 443,956 vehicles in the second quarter, with total production at 410,831 vehicles.
Analysts on Wall Street had expected deliveries of 439,000, according to data from FactSet.
Tesla does not breakout numbers for individual vehicle models or geographic regions.
Despite beating analysts’ forecasts, Tesla’s Q2 deliveries were down 4.8% from 466,140 vehicles a year earlier and show signs of continued sales decline at the company.
Still, the Q2 deliveries were up 14.8% from this year’s first quarter. Tesla is scheduled to announce its second-quarter financial results on July 23 this year.
Tesla’s stock is now down 17% over the past 12 months and trading at $231.26 U.S. per share.
Tech Insider
