Tesla · Elon Musk · Wall Street · CNBC Technology
Tesla stock sinks 7% despite strong deliveries report, posting worst day in nearly a year
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Tesla reported vehicle deliveries and production levels for the second quarter that far exceeded Wall Street expectations, as Elon Musk's automaker tries to rebound from consecutive annual declines in auto sales.
Key facts
- In the same period last year, Tesla reported around 384,000 deliveries, and in the first quarter of 2026, the number came in at 358,023
- Tesla doesn't break out exact delivery numbers by region or individual model, but the company said its entry-level Model 3 sedan and most popular Model Y SUVs accounted for 467,762, or 97%
- Thursday's update showed a 25% year-over-year increase, and 34% increase versus the first quarter in deliveries for Tesla
- Shares of Musk's EV maker sank about 7.49% on Thursday despite the strong report
Summary
Total Q2 vehicle deliveries: 480,126. Total Q2 vehicle production: 451,758. Analysts were expecting around 406,600 deliveries, according to StreetAccount's consensus. Shares of Musk's EV maker sank about 7.49% on Thursday despite the strong report.