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Tesla's stock saw significant movement ahead of and following the release of its Q2 delivery report. On Monday, Tesla shares gained nearly 6% after a key Wall Street brokerage added the stock to its watch list. The company reported strong Q2 deliveries of 444,000 units, surpassing both the whisper numbers of 420,000 and the Street estimate of 438,000. This led to a premarket rise of 2.5% on Tuesday, which extended to a 5.2% increase. Conversely, NVIDIA shares experienced a decline, dropping 2.9% in premarket trading and closing down 2.4% at $121.2.
Tesla announced very strong Q2 delivery numbers this morning. Here's my take: • Deliveries outpaced production by 33k in Q2, with a 57k jump from Q1 - a solid rebound for Tesla. • Expect margins to improve, countering the "low margin automaker" narrative. Tesla's fixed… https://t.co/HqLkg0nCDs
$TSLA now up 52% from 2024 lows up +12% first 2 days of July, reported better than expected delivery #’s 🔥 https://t.co/eA1cegt8OQ
NVIDIA SHARES DOWN 2.4% AT $121.2 TESLA SHARES RISE 5.2% AFTER CO REPORTS Q2 DELIVERIES ABOVE ESTIMATES