Tesla's shares fell about 7% on Thursday despite reporting second-quarter vehicle deliveries that comfortably exceeded Wall Street expectations, reported by CNBC.
The report said Tesla is attempting to recover from two consecutive years of declining vehicle sales amid stronger competition from Chinese and European automakers, shifting consumer demand toward hybrids in the United States, and the loss of a federal EV tax credit.
Tesla also reported deploying 13.5 GWh of energy storage, beating analyst estimates. The company is continuing to prioritize production of its Cybercab, Semi truck, and Optimus humanoid robot, with second-quarter financial results scheduled for July 22.
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Tesla shocks Wall Street with record sales - but shares still tumble https://t.co/ZsBUwQ84rp pic.twitter.com/FTkwpDicWT
— NY Post Business (@nypostbiz) July 2, 2026
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