Tesla Suddenly Plunges 8%—Despite Beating Expectations On Deliveries
Key takeaways
- Breaking News Tesla Suddenly Plunges 8%—Despite Beating Expectations On Deliveries By Zachary Folk,
- TSLA was down about 8% by 1 p.m.
- Sales also largely recovered in Europe, rising a reported 77% in markets on the continent between January and May, according to data from the European Automobile Manufacturers’ Association.
Breaking News Tesla Suddenly Plunges 8%—Despite Beating Expectations On Deliveries By Zachary Folk,
Topline Tesla’s stock price plunged on Thursday, even after the company announced surging vehicle deliveries in its second quarter that cleared analyst expectations by tens of thousands of cars, possibly signalling sustained investor hesitancy even after sales recovered in Europe.
TSLA was down about 8% by 1 p.m. EDT on Thursday.Media News Group via Getty Images Key Facts Tesla delivered 480,126 vehicles in the April-June quarter, easily outperforming expectations of 406,000 and up from about 358,000 deliveries in 2026’s first quarter, according to an Securities and Exchange Commission filing ahead of the company’s second quarter financial results expected later in July.