Tesla's Latest Deliveries Report Exceeded Expectations. TSLA Stock Is Falling Anyway.
Tesla reported a record 480,126 vehicle deliveries for the second quarter of 2026, surpassing analysts' expectations of 406,000 units, marking a 25% increase from the previous year. Despite this strong performance, the company's stock fell over 10% since the beginning of the year, declining on July 2 due to concerns about profit margins. Analysts noted that the impressive delivery figures were achieved through aggressive discounting and financing incentives, which negatively impacted average selling prices. The discrepancy between deliveries and production—451,758 units—raised alarms among investors, who are now focused on profitability ahead of Tesla's earnings report scheduled for July 22. Oppenheimer's analyst Colin Rusch advised caution, maintaining a "Perform" rating and highlighting underperformance in Tesla's energy storage business. However, other analysts remain optimistic, with a consensus rating of "Moderate Buy" and price targets suggesting significant upside potential.
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