In a Tuesday note, Citi analysts said they anticipate a "favorable share price reaction" following the release.The company's stock was up 3.07% at 6:54 a.m. ET, but had pared gains to just a 1% rise by 08:50 ET.
Tesla's total deliveries hit 443,956 vehicles in the second quarter, with total production at 410,831 vehicles over the period. Analysts had expected that Tesla deliveries — the closest approximation of sales disclosed by the automaker — to reach 439,000 in the three-month stretch ending on June 30, according to a consensus of estimates compiled by FactSet StreetAccount.In a Tuesday note, Citi analysts said they anticipate a "favorable share price reaction" following the release.
"From here, the focus will turn to Tesla's Q2 auto gross margins to gauge the price vs. cost equation," they added, also flagging the importance of any further company updates on future product launches. The Tuesday delivery report comes after the company in April posted a decline of 8.5% in first-quarter deliveries to 386,810 — the first annual drop since 2020.. The growth prospects of the EV sector in the world's second-largest economy came into focus last month, when the EUhigher tariffs of up to 38% on Chinese EVs which it found gain "heavily from unfair subsidies.
Tesla will post its second-quarter financial results on July 23 and is expected to unveil its design for a robotaxi next month.
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