Tesla tops Q2 EV delivery expectations, stock rises

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Brad Smith News

Tesla,Madison Mills,TSLA

Shares of Tesla (TSLA) are rising in extended-hours trading as the company announced figures of 410,831 vehicles produced and 443,956 vehicles delivered...

) are rising in extended-hours trading as the company announced figures of 410,831 vehicles produced and 443,956 vehicles delivered during its second quarter, slightly beating analysts' expectations.Tesla's second quarter delivery numbers are out right now, as we've been tracking shares of TSL a pre market, the numbers just dropping here at the beginning of the 9 a.m. hour, and we're taking a look at the overall production coming in at 410,831 vehicles.

It's up over 4% erasing some of the lows from earlier in the pre market here and erasing that decline off of these numbers coming in slightly better than anticipated.We also, as you mentioned Brad, just to reiterate Model three wide deliveries coming in at 4 22 405 versus the estimate of 412,288 so that model three wide delivery was also a beat.So again seen a little bit be kind of across the board when it comes to the Tesla deliveries here.

But it comes back to that competition that you were mentioning, Matty, where you've got BYD where we also had some of the figures that came out yesterday from Lee Auto from neo. A divergence in the stock market is now the biggest it’s ever been, signaling more vulnerability ahead, economist says

 

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