Tesla Reported Production Levels that Exceeded Expectations. Its Stock Is Sinking Anyway.

Source: International Business Times

Ramon van Flymen/ANP/AFP via Getty Images Shares of Tesla dropped approximately 7% on Thursday even though the electric vehicle maker reported second-quarter 2026 delivery numbers that easily surpassed Wall Street expectations. The company said it delivered 480,126 vehicles during the second quarter of 2026, well above analysts' expectations of roughly 406,600 vehicles, according to StreetAccount's analysis cited by CNBC. The company also produced 451,758 vehicles during those three months.