- Tesla's vehicle deliveries in the second quarter reached 480,126 units, an increase of about 25% year-on-year, significantly exceeding Wall Street analysts' average expectation of 402,776 units.
- The recovery in car demand in the European market and stabilization in the U.S. market effectively offset the previous weak performance in North America and the competitive pressure from local manufacturers in China.
- Wall Street's valuation logic for Tesla is shifting from traditional delivery volumes to artificial intelligence and autonomous driving, with the Cybercab, designed specifically for driverless operation, expected to go into mass production later this year.
Delivery Data Exceeding Expectations Drives Pre-Market Rebound
Data released by Tesla on Thursday showed that the company delivered 480,126 vehicles globally from April to June this year, representing a growth of about 25% compared to the same period last year.
European Market Demand Recovery and Overseas FSD Advancement
The better-than-expected delivery performance this quarter was mainly due to the rebound in demand in the European market.
Divergent Performance in Core Markets of China and the U.S. and Competitive Landscape
In the North American market, Tesla's sales experienced a sharp decline after the U.S. federal electric vehicle tax credit of $7,500 expired at the end of September last year, but the latest data now shows signs of stabilization in U.S. market demand.
Wall Street Valuation Anchor Shifts to AI and Autonomous Driving
As Tesla's business focus accelerates towards artificial intelligence, autonomous driving, humanoid robots, and energy infrastructure, Wall Street investment banks and institutional investors are relatively decreasing their attention on quarterly vehicle delivery data.
