General Motors grew auto sales modestly in the second quarter, but its EV sales jumped double digits. Ford is on tap.
Tesla stock is higher Tuesday after the EV maker delivered more vehicles than expected in the second quarter. Here's what you need to know.
The company delivered a total of 443,956 cars – a figure that marked a 4.8% decline from the same period one year ago. However, deliveries were still better than the consensus estimate of 439,000, according to FactSet data.
Tesla's deliveries exceeded expectations as sales helped it drive down EV inventory. The energy storage business also was impressive with very strong record deployments.
May JOLTS data, out today at 10am ET, is expected to show 7.9 million job openings that month. This would be the lowest we've seen since February 2021.
Shares of Tesla (NASDAQ: TSLA ) opened in the green after the EV company reported that it had produced 410,831 vehicles while delivering 443,956 of them during the second quarter. Production fell by 14.35% compared to a year ago while deliveries dropped by 4.76%.
Tesla Inc TSLA shares are trading higher Tuesday after beating consensus estimates for second-quarter deliveries.
Electronic vehicle (EV) analysts, such as Troy Teslike, who specializes in Tesla production and delivery numbers, weren't optimistic about Tesla's (NASDAQ: TSLA) highly anticipated delivery and production numbers for the second quarter.
Tesla (TSLA) shares surged Tuesday following the release of second-quarter production and delivery numbers, which fell year-over-year but surpassed analysts' expectations.
Electric automaker's quarterly deliveries fell for two straight quarters for the first time ever
Elon Musk's Tesla said it completed 443,956 vehicle deliveries during the quarter. That marked a nearly 4.8% decline year-over-year but was better than expected.