- Tesla reported 480,126 vehicle deliveries for Q2 2026, surpassing Wall Street forecasts of ~406,600 and marking a 25% year-over-year increase.
- June sales of Shanghai-made vehicles rose 24.4% year-over-year to 89,091 units, driven by strong domestic and European demand according to a Reuters report citing CPCA data.
- Vehicle registrations surged across several European markets in June, with France seeing a more than 100% increase, according to local industry data.
- Despite the strong delivery report, TSLA stock was down about 3%, potentially ending a four-session winning streak where it gained over 13%.
Tesla Inc. shares gained traction on Thursday after the electric-vehicle maker reported better-than-expected second-quarter deliveries, powered by a robust performance in China and Europe. The company’s total deliveries came in at 480,126 units, a significant 25% jump from the same period last year.
Model 3 and Model Y deliveries accounted for 442,936 of those vehicles. Consequently, deliveries of Tesla’s other models, including the Model S, Model X, and Cybertruck, totaled 8,822 units.
The EV maker posted another strong month in China, with June sales of Shanghai-built vehicles rising for an eighth consecutive month. According to a report citing data from the China Passenger Car Association, Tesla sold 89,091 Model 3 and Model Y vehicles, up 24.4% from a year earlier.
Tesla China’s wholesale deliveries totaled 254,551 vehicles in Q2, up 32.8%, according to a CNEVPost report. Meanwhile, Tesla’s vehicle registrations Sweden-denmark-europe-recovery-continues-2026-07-01/”>increased across several European markets in June.
Registrations rose 39% in Denmark, 56% in Sweden, 5.6% in Spain, and more than doubled in France. However, TSLA stock was down about 3% at the time of writing and could snap a four-session winning streak.
Retail sentiment on Stocktwits turned ‘bullish’ from ‘neutral’ a day earlier. One user said the market will react positively soon, even if not today.
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