TSLA: Tesla Stock Powers Up Despite Deliveries Sliding 14% for Second Straight Drop

Just about 384,000 Teslas were sent to customers in the second quarter, slightly below consensus calls, but plenty to impact business growth. Still, traders shrugged it off. Why, though?

🔋 Charge ‘Em Up

• Tesla stock TSLA jumped 5% Wednesday even though the company’s second-quarter delivery figures showed a 14% year-over-year decline — the second straight drop in quarterly deliveries.
• The EV giant delivered around 384,000 vehicles in Q2, missing consensus estimates and raising fresh questions about demand growth and production bottlenecks.
• Still, traders seemed to be looking past the soft numbers — maybe pricing in hopes for a rosier Q2 earnings update when Tesla reports after the close on July 23.

🚗 Competition Keeps Pressure On

• Despite Wednesday’s pop, Tesla shares remain down about 17% for the year — among the worst performances in the mega-cap tech crowd in 2025 so far. (For the record, Meta META is towering over with the most returns.)
• The EV maker is feeling the squeeze from surging competition, particularly from Chinese electric car brands rolling out cheaper, flashier models at breakneck speed.
• Add in the political headaches and Elon Musk’s controversies, and you’ve got a lot more than just delivery numbers rattling investor nerves this year.

⚙️ Production Outpaces Deliveries

• Some more numbers: Tesla built roughly 410,000 cars in Q2 — higher than deliveries — highlighting a growing inventory problem that could weigh on margins if demand doesn’t catch up.
• For context, Tesla delivered 443,956 vehicles in the same quarter last year and 336,681 cars in Q1 2025, meaning this back-to-back drop is now on everyone’s radar.
• All eyes are now on July 23: that’s when Tesla will host its earnings call and investors will want clarity on how Musk plans to get deliveries, production, and investor confidence all back on track.