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Tesla deliveries beat expectations for Q2

Russell Shor Written by Russell Shor
  • TSLA.us
    (${instrument.percentChange}%)

As we head towards Q2 earnings season:
- Tesla delivered a record-breaking 466,140 cars worldwide, surpassing Wall Street estimates.
- The results indicate that Elon Musk's strategy of reducing prices to increase volume has been successful.
- Analysts had predicted that Tesla would ship 448,350 cars in the quarter.
- These deliveries mark the highest ever achieved in a quarter for Tesla.
- Compared to the previous year, Tesla's deliveries have seen an impressive 83% increase.

Tesla is trading above its black 30-week EMA, with the EMA bullishly turned up:

Source: www.tradingview.com

Reference:
www.bloomberg.com

Russell Shor

Senior Market Strategist

Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.

Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.

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