Tesla delivered 384,122 vehicles in Q2, nearly matching Wall Street's prediction of 385,000. Although there were concerns about production pauses at Gigafactory Texas and the rollout of a new Model Y configuration, the deliveries reflect a potential steady trend towards maintaining around 1.8 million annual deliveries. Plans for a new vehicle platform aiming at more affordable models are in progress, with expectations of introduction in this year's first half. Analysts perceive positive signs from Tesla's performance in China, indicating promising trends for the company moving forward.
Tesla's Q2 deliveries hit 384,122 vehicles, just shy of Wall Street's estimate of 385,000, showing a rebound despite concerns over production pauses and new configurations.
Tesla has been hovering around 1.8 million deliveries since 2023, and plans to produce more affordable models from a new vehicle platform in 2025.
Dan Ives noted that Tesla's recovery in China during June points to potential future success, especially with the worldwide ramp of the Model Y.
Musk's leadership and return from politics has been pivotal to Tesla's performance, reinforcing the company's market position.
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