Tesla stock: Tesla Stock Surges as Q2 Deliveries Beat Estimates...

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Published Time: 02.07.2024 - 17:04:07 Modified Time: 02.07.2024 - 17:04:07

Telsa was the biggest gainer on the S&P 500 for the second consecutive day Tuesday, with shares up 9.0% at $228.71 in mid-afternoon trading. Tesla stock, tsla

The electric vehicle giant said it delivered 443,956 vehicles in the second quarter and produced 410,831 vehicles. While the deliveries figure was down 5% compared with the second quarter of 2023, it came in ahead of analysts' consensus of 439,000.

After a mostly rough first half of 2024, Tesla stock started to turn around last week amid optimism for its quarterly numbers, and rose again Monday amid positive delivery figures for several of Tesla's Chinese rivals. Despite the recent gains, the stock is still down 8% since the start of the year.