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Tesla shares rallied over 10% after the company reported second quarter vehicle production and deliveries that beat analyst expectations. Citi analysts said they anticipated a "favorable share price reaction" following the strong delivery numbers. The EV giant reported its highest quarterly performance by deploying 9.4 Gigawatt hours of energy storage products in the second quarter. Investors will now be watching Tesla's Q2 financial results on July 23rd for further details on automotive gross margins and any product launch updates. Tesla shares are still down nearly 7% year-to-date overall.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Tesla shares rallied over 10% after the company reported second quarter vehicle production
00:07and deliveries that beat analysts' expectations.
00:10Citi Analysts said they anticipated a favorable share price reaction following the strong
00:14delivery numbers.
00:16The EV giant reported its highest quarterly performance to date by deploying 9.4 gigawatt
00:21hours of energy storage products in the second quarter.
00:24Investors will now be watching Tesla's Q2 financial results on July 23rd for further
00:29details on automotive gross margins and any product launch updates.
00:34Tesla shares are still down nearly 7% year-to-date overall.
00:37For all things money, visit Benzinga.com.

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