Tesla Stock Surges as Q2 Deliveries Beat Estimate

[{"selector":"#anim-8de99c65-151e-4360-811a-ac061310a253 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(39.91477267503803%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0124a4b5-133a-418b-ab5c-149d25b6b565","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Tesla's stock experienced a surge following its second-quarter delivery numbers surpassing analysts' expectations.

[{"selector":"#anim-222f6845-81c0-46f0-aadf-e5404a3d253e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.25331847031666%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-80ce3b7d-cd6a-455c-b099-16aa471f9008","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Tesla reported delivering 201,250 vehicles in Q2 2023, significantly outpacing the estimated 194,000 vehicles.

[{"selector":"#anim-8d225833-803d-4ec6-bc98-3cff7d0fa368 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fdf76a01-99ad-46d1-b055-36cbaf0f877f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] This success was attributed to strong demand for both Model 3 and Model Y vehicles, despite ongoing global supply chain challenge

[{"selector":"#anim-e8c7c2cd-78b8-4a69-8bd3-8bce1f3e8a87 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-88f7bbde-2fad-4e95-b25f-8fbdf7ed9e05","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The positive delivery figures contributed to renewed investor confidence, driving Tesla's stock price up in response to the favorable quarterly performance.

[{"selector":"#anim-ed1677e9-5889-4477-814a-4490724c90eb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.1789737164225%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-06334679-2434-4686-803b-e6c1ec414925","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] High-interest rates are impacting most borrowers, producing risk-adjusted return potential in the private credit market.

[{"selector":"#anim-3ea3aab2-867b-4dec-83e0-535e6b1fb9dc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5f38cc68-1e32-484e-b0ff-4ab9a28687ee","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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.