Tesla Stock Surges as Q2 Deliveries Beat Estimate

Tesla's stock experienced a surge following its second-quarter delivery numbers surpassing analysts' expectations.

Tesla reported delivering 201,250 vehicles in Q2 2023, significantly outpacing the estimated 194,000 vehicles.

This success was attributed to strong demand for both Model 3 and Model Y vehicles, despite ongoing global supply chain challenge

The positive delivery figures contributed to renewed investor confidence, driving Tesla's stock price up in response to the favorable quarterly performance.

High-interest rates are impacting most borrowers, producing risk-adjusted return potential in the private credit market. 

Telsa was the biggest gainer on the S&P 500 for the second consecutive day Tuesday, with shares up 9.0% at $228.71 in mid-afternoon trading.