Tesla Inc. reported a 25 percent year-over-year surge in global deliveries for the second quarter of 2026, beating Wall Street expectations on Thursday, July 2.
The growth was fueled by rebounding consumer demand in Europe and sustained momentum in China.
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The Austin, Texas-based electric vehicle manufacturer delivered 480,126 cars worldwide between April and June.
This figure significantly exceeded the 401,000 units expected by analysts surveyed by FactSet and the 406,600 units projected in separate Wall Street forecasts.
Tesla produced 451,758 vehicles during the quarter.
Model 3 and Model Y configurations accounted for 442,936 deliveries, while other models like the Model S, Model X, and Cybertruck totaled 8,822 units.
China and Europe Drive Growth
Data from the China Passenger Car Association, reported by Reuters, showed Tesla sold 89,091 Shanghai-built vehicles in June alone.
That reflects a 24.4 percent annual increase and marks the strongest monthly performance for Tesla China so far in 2026.
Local industry statistics across Europe highlighted an increase in June vehicle registrations.
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Registrations rose 39 percent in Denmark, 56 percent in Sweden, 5.6 percent in Spain, and more than doubled in France, offsetting prior customer boycotts linked to Elon Musk's political activities.
Despite the positive delivery report, Tesla shares fell roughly 3 to 6 percent in midday trading on Thursday.
Morningstar analyst Seth Goldstein suggested this could be the result of profit-taking by investors following a recent four-session stock run-up.
Retail market sentiment tracked on Stocktwits shifted from neutral to bullish amid heavy message volume concerning the stock's future outlook.
One user described the situation as "hype," reflecting mixed short-term expectations for the electric vehicle manufacturer's market valuation.
The company previously introduced more affordable versions of the Model 3 and Model Y alongside cheaper financing options in Europe.
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However, research firm Cox Automotive estimates that Tesla's second-quarter domestic sales in the United States still dropped by 20 percent.
