Tesla Q2 Deliveries Smash Expectations at 480K, Up 18%
TSLA sits 30% above its 52-week low of $297.82.
Summary
Tesla delivered a record 480,126 vehicles in Q2, beating expectations by ~18% and exceeding production. This is the first concrete Q2 metric and materially de-risks the upcoming earnings report. Separately, Tesla is appealing a $243M Autopilot crash verdict, while NHTSA ordered a recall of ~19,900 vehicles for headlight glare. Morgan Stanley nudged its 2027 price target to $417 from $415, citing execution in auto and energy. Analyst Gary Black dismissed a SpaceX buyout as financially implausible. The delivery beat is the dominant signal — traders will now focus on gross margin impact from recent price cuts when full earnings drop.
At the time of this announcement, TSLA was trading at $388.65 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.82 to $498.83. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.