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Tesla's Second-Quarter Deliveries Beat Estimates as Price Cuts Boost Sales

Tiger Newspress07-02

Tesla's second-quarter vehicle deliveries beat estimates on Tuesday driven by the electric-vehicle maker's price cuts and incentives that helped stimulate demand.

The world's most valuable automaker's shares surged over 9% in morning trading.

Tesla delivered 422,405 Model 3 and Model Y and 21,551 units of other models, which include the Model S sedan, Cybertruck and Model X premium SUV. It produced 410,831 vehicles during the April-June period.

The EV maker handed over 443,956 vehicles in the three months to June 30, 4.8% lower than a year earlier and up 14.8% from the preceding quarter.

Wall Street on average had expected Tesla to deliver 438,019 vehicles, according to 12 analysts polled by LSEG.

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Comment10

  • Guavaxf30
    ·07-03
    This is completely nuts. They sold less cars than a year ago. 
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  • TotoPangan
    ·07-03
    i exit my buy call options since January and profited. now i'm HODL  my TSLA stocks.
    Reply
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  • MIe
    ·07-03
    Upside q2 earnings 
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  • Happiness.
    ·07-03
    Congratulations Tesla & my $Tesla Motors(TSLA)$ Stocks[Happy] [Great]  
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  • Cellics
    ·07-02
    Short the shorts! 🤭
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  • Monkseal
    ·07-02
    Where are the anal-yts that expect decline in sales and that the share price will take a beating? Where are they? Who are taking them to task for a wrongful analysis resulting in retail investors letting go too early?
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  • AlanTLK
    ·07-02
    Can't wait for shorts to die🦾
    Reply
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  • JJkingYDK
    ·07-02
    Will down for one more time after earning date
    Reply
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  • Loaded more to ride the waves[Miser]  [Miser]  [Miser]  
    Reply
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  • Way to go! Or is it still early to rejoice? One set of data may not mean a new S curve! 
    Reply
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