Tesla's shares rise 3.3% after reporting slightly below expected second-quarter deliveries, investors optimistic

From Nasdaq: 2025-07-02 11:41:00

Shares of Tesla (NASDAQ: TSLA) rose 3.3% after the electric carmaker reported second-quarter deliveries of 384,000 vehicles, slightly below Wall Street’s estimate of 387,000. Despite missing expectations, investors are optimistic about potential improvement in the second half of the year.

Tesla’s disappointing delivery numbers highlight why the stock doesn’t trade on fundamentals. Even with missed estimates, the stock continues to climb, showcasing investor focus on robotaxis rather than the EV business. With Tesla trading at a high valuation, some remain cautious about investing in the company.

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Read more at Nasdaq: Why Shares of Tesla Are Surging Today