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Tesla stock surges 10% as quarterly vehicle deliveries beat Wall Street estimates

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The EV giant delivered 443,956 vehicles during the second quarter, versus an analyst consensus estimate of 439,302 deliveries.

) jumped more than 10% on Tuesday after the electric vehicle giant reported quarterly vehicle deliveries that beat Wall Street expectations.

"From here, the focus will turn to Tesla's Q2 auto gross margins to gauge the price vs. cost equation , as well as any updates on future product launches," said the note. Tesla does not break out its sales of the Cybertruck, but investors have been able to pick up on hints about those deliveries based on recalls. Last month Teslaits fourth Cybertruck recall since the vehicle’s release late last year. Within the recall notice, 11,688 trucks appeared to be affected.

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Tesla stock pops as quarterly vehicle deliveries beat Wall Street estimatesThe EV giant delivered 443,956 vehicles during the second quarter, versus an analyst consensus estimate of 439,302 deliveries.
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