Tesla reported Q2 deliveries of 384,122 vehicles, exceeding Wall Street's prediction of 385,000. Despite concerns about production pauses in Texas and new Model Y ramp difficulties, the company's deliveries matched expectations. Shares increased over four percent following the announcement. Tesla aims to maintain annual deliveries around 1.8 million, consistent with previous years. The company is also set to unveil new affordable vehicle models soon, which are expected to impact market growth positively. Dan Ives highlighted positive trends in China, driven by the successful rollout of the Model Y.
Tesla's Q2 deliveries of 384,122 vehicles exceeded expectations, boosting stock prices over four percent. The company remains on track to maintain annual delivery levels near 1.8 million.
Despite concerns regarding production pauses at Gigafactory Texas and challenges with the new Model Y rollout, Tesla met Wall Street's consensus with 384,122 deliveries.
Dan Ives stated that Tesla's rebound in China is a positive indicator for future performance, particularly with the growing success of the Model Y globally.
Tesla aims to introduce new affordable vehicle models this year, which are anticipated to enhance market presence and overall sales.
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