Tesla Delivered 480,126 Vehicles Last Quarter. Here’s Why the Stock Didn’t Rally.
Given nothing more than the company’s reported numbers, shares of electric vehicle maker Tesla (TSLA 1.09%) should have soared following the July 2 release of its total Q2 deliveries. The 480,126 automobiles it shipped in Q2 were not only up 25% year over year, but topped analysts’ consensus estimate of 406,024 units. Nevertheless, Tesla shares…