Tesla (TSLA) has officially released its Q2 2024 delivery and production results. The automaker confirmed having delivered 444,000 electric vehicles last quarter.
Tesla Q2 expectations
Wall Street has adjusted its expectation this quarter to a consensus of about 438,000 deliveries, which is down from the 466,000 vehicles Tesla delivered during the same period in 2023.
As we reported last week, the expectation came down over the last few days after they were at ~450,000 deliveries last week.
Tesla Q2 results
Tesla confirmed that it produced 411,000 vehicles and delivered 444,000 vehicles – beating expectations by a slight margin:
In the second quarter, we produced approximately 411,000 vehicles and delivered approximately 444,000 vehicles. We deployed 9.4 GWh of energy storage products in Q2, the highest quarterly deployment yet.
For the first time in a while, Tesla delivered more vehicles than it produced, but that’s partly because tens of thousands of vehicles were in transit at the end of last quarter.
Top comment by Chaos Liked by 8 people
Before feeling euphoric about beating the expectations, need to be cognizant of two things.
YoY growth is negative
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