Tesla stock (TSLA) is popping off during Wednesday trading after delivering its latest quarterly deliveries statistics. While the EV maker reported global electric vehicle deliveries coming in below Wall Street’s low projections, Tesla produced more cars than expected. Investors eyed the latter more so as a promising stat, sending shares up as much as 4.3% on Wednesday morning.
Tesla said Wednesday it delivered 384,122 EVs in the second quarter, less than the 389,407 projected by Wall Street analysts tracked by Bloomberg consensus estimates. The company’s deliveries for the period marked a 13% drop from the prior year but an increase from the 336,681 vehicles delivered in the first quarter. Additionally, Tesla reported production of 410,244 vehicles across its global plants in the second quarter, a jump from the 400,082 expected and roughly in line with the 410,843 produced at this time last year.
Despite today’s gains, 2025 has still been a tough year for Elon Musk’s Tesla. Year-to-date, TSLA shares are down over 22%. The stock has suffered from poor sales and Elon Musk’s venture into politics, distracting him away from the EV giant. Furthermore, the company has failed throughout Europe so far in 2025. New data on Tuesday showed Tesla’s sales dropped for the sixth straight month in Sweden and Denmark in June. Last week, separate data showed sales falling in the European region for the fifth month in a row.
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However, June has been promising, especially now after the rise in vehicle development. While sales are down, Tesla is venturing into other avenues, including the Robotaxi sector. Tesla’s robotaxi launch in Austin in June was praised by investors, sending shares up.
Elon Musk’s autonomous fleet follows what he calls a revenue-sharing model, where Tesla owners can add their personal vehicles to the autonomous fleet. Tesla takes a small cut while owners earn money, and this often exceeds their monthly car payments, according to the company’s projections. The company’s Q2-Q3 2025 results will be noteworthy as more rides on the Robotaxi service take place. Furthermore, if the service is a huge hit, it could lessen the blow investors inflict if Tesla sales are still down in the coming months.