Phil LeBeau went on CNBC Thursday morning and delivered the kind of number that reorders a Tesla (NASDAQ:TSLA | TSLA Price Prediction) week.
Gene Munster of Deepwater Asset Management discusses demand for Tesla's vehicles and how the company's stock is reacting.
Tesla's (NASDAQ:TSLA | TSLA Price Prediction) second-quarter delivery report landed well above what Wall Street's bar.
Investigators say the driver acted to override the car's automated driving assistance system.
"And finally I shorted Tesla at 416.22. Happy it jumped back to this level," Burry wrote at the end of a post on his Substack published on Tuesday.
Tesla's deliveries delivered today.
Tesla Inc (NASDAQ:TSLA) reported second quarter vehicle deliveries of 480,126 and production of 451,758, surpassing Wall Street expectations as the electric vehicle maker seeks to reverse recent sales declines. The company delivered 467,762 Model 3 and Model Y vehicles during the quarter, while deliveries of its other models totaled 12,364.
The strong figures suggest Tesla's mainstay auto business is regaining momentum after two straight annual sales declines.
Shares of Tesla (NASDAQ:TSLA | TSLA Price Prediction) are down 7% in morning trading to $395.86, even after the electric vehicle (EV) maker posted a blowout Q2 2026 delivery report that easily cleared Wall Street expectations.
Tesla (TSLA) reported second-quarter vehicle deliveries that comfortably exceeded Wall Street expectations on Thursday, signaling a significant rebound in demand as the electric-vehicle maker navigates an increasingly competitive global market. The company delivered 480,126 vehicles worldwide during the second quarter, according to a statement released Thursday.
Tesla delivered more than 480,000 vehicles in the second quarter of this year, an increase of more than 120,000 from the first quarter, in a sign that the company is still able to attract new buyers for its EVs despite a downturn in the U.S. market.
Shares of Rivian Automotive (NASDAQ:RIVN | RIVN Price Prediction) are up 5% in early trading Thursday to $18, standing out as the clear leader among electric vehicle names on July 2.