Tesla Beats Estimates With Less-Drastic Drop in EV Sales
- Automaker posts first quarterly streak of declines since 2012
- Company built 410,831 cars and delivered 443,956 last quarter
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Tesla Inc.’s second consecutive drop in quarterly deliveries wasn’t as steep as analysts were predicting, sending the EV maker’s shares soaring as much as 10%.
The carmaker said Tuesday that it delivered 443,956 vehicles in the second quarter, better than the 439,302 average Wall Street estimate. While sales were down 4.8% from a year ago, Tesla improved on a sequential basis from the 386,810 vehicles delivered in the first three months of the year.