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Tesla Deliveries Are a Record. Will the Stock Go Up?
Tesla delivered 466,140 vehicles in the second quarter. That's a record and better than Wall Street expected. It's a very good result. Still, it might not be enough to keep the stock moving higher, considering the starting point.The more than 466,000 units compares with about 423,000 delivered in the first quarter of 2023, and about 255,000 in the second quarter of 2022, when much of China was locked down to fight Covid-19.Tesla produced 479,700 units. The gap between production and deliveries is 13,560. That's a small negative.Tesla has produced about 99,000 more cars than it has sold over the past few years. The current level represents about 19 days of inventory. That's low. The traditional auto industry typically operates between 30 and 60 days of sales on dealer lots.Even though Tesla's number doesn't compare to the overall industry, it makes sense to pay attention to the change in the Tesla number.Taking all the information provided in the second quarter report into consideratio
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