Tesla delivered 384,122 vehicles worldwide in the second quarter, a 13.5% drop from a year earlier and slightly below the roughly 389,000 units analysts expected. The decline was milder than some of the more pessimistic forecasts, lifting the shares as much as 6% in pre-market New York trading after steep losses earlier in the week. Total production reached 410,244 vehicles, topping street estimates and the first-quarter figure. The company also deployed 9.6 gigawatt-hours of energy-storage systems, its strongest second-quarter showing, highlighting the growing contribution of its battery business. Chinese industry data showed Tesla sold 71,599 Shanghai-built cars in June, up 0.8% from a year earlier and ending an eight-month slump, helped by a refreshed Model Y. The modest rebound comes amid stiff competition from local manufacturers such as BYD and Xiaomi. Analysts warn the carmaker must deliver more than one million vehicles in the second half to avoid a second consecutive annual sales decline. The update arrives as Chief Executive Officer Elon Musk’s public feud with U.S. President Donald Trump escalates, with the White House threatening to review federal subsidies for Musk-led companies—an overhang that had pressured the stock before the delivery figures were released.