Tesla’s Q2 Delivery Suggests ‘the Worst Is in the Rear-View Mirror’

To the surprise of Wall Street analysts, Tesla delivered more electric vehicles than expected in the second quarter of the year despite major layoffs and rising competition. The Elon Musk-led automaker today (July 2) reported delivering 443,956 vehicles between April and June, up nearly 15 percent from the first quarter and beating analyst estimates of 439,000.

The news sent Tesla shares up by more than 8 percent today to its highest level since early January. “This was a huge comeback...