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In this video, we'll break down Tesla's stock rally as Q2 deliveries exceed expectations. Get the latest analysis and predictions for Tesla stock!
Tesla reported Tuesday second-quarter electric vehicle deliveries that were better-than-expected, and well above the number of vehicles produced, pointing to improved demand that likely eases concerns about excess inventory for its flagship Model 3/Y.
The company produced around 410,831 vehicles, but while that was well below deliveries in the quarter, it is likely a positive, Oppenheimer said in a Tuesday note. "We view production well below deliveries as a positive for shares as it should alleviate concerns about TSLA building excess inventory for Model 3/Y," it added.
Tesla Stock - rallies as Q2 deliveries beat estimates
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