Tesla Delivers 480,126 EVs in Q2, Beating 406,000 Forecast as Sales Rebound 25%
Updated
Updated · The Motley Fool · Jul 6
Tesla Delivers 480,126 EVs in Q2, Beating 406,000 Forecast as Sales Rebound 25%
3 articles · Updated · The Motley Fool · Jul 6
Summary
480,126 deliveries in the second quarter topped Wall Street’s roughly 406,000 consensus and marked Tesla’s second straight quarter of year-over-year growth.
25% delivery growth followed a 6% rise in Q1, suggesting Tesla’s core EV business is recovering after annual sales fell 1% in 2024 and 9% in 2025.
Middle East tensions that lifted gasoline prices likely helped demand, but that tailwind may fade as prices ease under a U.S.-Iran ceasefire.
Tesla still faces heavy pressure from lower-cost rivals in China and Europe, while cheaper Model 3 and Model Y variants have not closed the gap with BYD’s sub-$30,000 Dolphin Surf in Europe.
The rebound may support July 22 earnings, but with the stock down 12% this year and trading at 359 times trailing earnings versus 35.2 for the Nasdaq-100, valuation remains the central risk.