Tesla Inc. reported a 25% increase in second-quarter vehicle deliveries, with a total of 480,126 vehicles delivered. This surge in deliveries marks a notable improvement from the 384,122 vehicles delivered during the same period last year. Furthermore, deliveries rose by 34% compared to the first quarter, which saw 358,023 vehicles delivered.
Key Production and Delivery Figures
- Total vehicles produced: 451,758
- Energy storage deployments: 13.5 gigawatt-hours (GWh)
- Model 3 and Model Y production: 442,936 units
- Model 3 and Model Y deliveries: 467,762 units
- Other vehicle models produced: 8,822 units
- Other vehicle models delivered: 12,364 units
Stock Performance and Technical Analysis
Despite the significant increase in deliveries, Tesla’s stock fell by over 7% on Thursday. The Nasdaq declined by 0.91%, while the S&P 500 edged up by 0.08%. The company’s long-term technical picture remains cautious, with the stock trading 4.8% below its 200-day simple moving average and 2% below its 50-day simple moving average.
Key Technical Indicators
- Relative strength index: 48.20, indicating neutral momentum
- 20-day moving average: below the 50-day average
- Death cross formed in April continues to weigh on sentiment
- Resistance: near $453.00
- Support: around $393.50
Tesla Price Action
Tesla shares were down 7.19% at $394.74 at the time of publication on Thursday. The company is set to release its full second-quarter financial results after the market closes on July 22. Traders are watching key technical levels, with a break below support potentially triggering additional selling pressure.