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Tesla tops Q2 EV delivery expectations, stock rises

Shares of Tesla (TSLA) are rising in extended-hours trading as the company announced figures of 410,831 vehicles produced and 443,956 vehicles delivered during its second quarter, slightly beating analysts’ expectations.

Brad Smith and Madison Mills break down the data and the EV headwinds Tesla continues to face in China.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Melanie Riehl

Video Transcript

Tesla’s second quarter delivery numbers are out right now, as we’ve been tracking shares of TSL a pre market, the numbers just dropping here at the beginning of the 9 a.m. hour, and we’re taking a look at the overall production coming in at 410,831 vehicles.

The deliveries during the quarter came in at 443,956 vehicles.

Of course, this skews heavily towards the three and the Y interesting within this report here from Tesla is the company typically breaks out the Model three and Y differing from the S and the X.