Summary
– Tesla reported 443,956 vehicle deliveries for Q2, beating Wall Street estimates
– Vehicle deliveries decreased from Q2 2023 when Tesla delivered over 466,000 vehicles
– Tesla also reported producing 410,831 vehicles during the quarter
– The company deployed 9.4 GWh of energy storage products in Q2, a record-high for quarterly deployment
– Tesla’s stock saw a 9.71% increase in pre-market trading, with a 19% jump over the past month; Q2 financials will be reported on July 23, 2024
Article
Tesla reported its delivery and production figures for the second quarter of 2024, surpassing Wall Street estimates. The automaker delivered 443,956 vehicles to customers, exceeding the consensus figures of 438,019 vehicle deliveries for Q2. However, this number was lower compared to Q2 2023, where Tesla delivered over 466,000 vehicles. Tesla also reported that it built 410,831 vehicles during the quarter.
In addition to vehicle deliveries, Tesla also had a record deployment of energy storage products in Q2, with 9.4 GWh deployed, the highest quarterly deployment to date. This is a significant increase from the previous record set in Q1, where 4.053 MWh of storage was deployed. Tesla Energy topped the list of best energy storage companies, further solidifying Tesla’s position in the market.
Following the announcement of its delivery and production figures, Tesla’s stock saw a 9.71 percent increase in pre-market trading, reaching nearly $220 per share. Over the past month, Tesla’s stock has seen a 19 percent increase, benefiting investors who have seen significant gains. Tesla will release its Q2 financial report on July 23, 2024, after market close, with a Shareholder Deck and Earnings Call scheduled for the same day.
Investors and analysts are eagerly awaiting Tesla’s Q2 financial report to gain further insights into the company’s performance and future outlook. The company’s ability to consistently beat estimates and deliver strong results has been a key factor in its success and market dominance. The upcoming earnings call will provide investors with more information on Tesla’s financial health and growth prospects.
Tesla’s continued success in the electric vehicle and energy storage sectors has positioned the company as a leader in the industry. With its innovative technology, strong consumer demand, and growing production capabilities, Tesla is well-positioned for future growth and expansion. The company’s focus on sustainability and clean energy solutions has resonated with consumers and investors alike, driving its stock price higher.
Overall, Tesla’s Q2 delivery and production figures exceeded expectations and demonstrated the company’s ability to perform strongly in a competitive market. With a record deployment of energy storage products and a strong performance in vehicle deliveries, Tesla is poised for continued success. Investors should closely monitor the company’s financial report and earnings call for further insights into its performance and growth prospects.
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