Tesla (NASDAQ: TSLA) shares surged over 7% today following the company's announcement of strong second-quarter delivery figures, surpassing analyst forecasts.
In Q2, Tesla delivered approximately 443,956 vehicles, exceeding expectations of 439,302 deliveries. The company produced 410,831 vehicles during the quarter, with a significant portion being Model 3 and Model Y units.
Analysts at Wedbush praised Tesla's performance, highlighting a rebound in China sales and pricing stabilization as key drivers behind the better-than-expected results.
Tesla's stock closed at $226.66, reflecting investor confidence in the company's ability to navigate supply chain challenges and maintain growth momentum.
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