TSLA Stock Surges 5% As Q2 Deliveries 'Better Than Feared:' Gary Black Explains Why Elon Musk-Led Tesla Fared Better Than Market's Worst Fears

Benzinga
2025.07.03 05:03
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Tesla Inc. (TSLA) stock rose 5% after reporting Q2 2025 delivery figures that exceeded Wall Street estimates, delivering 384,122 vehicles, primarily Model 3 and Model Y. Investor Gary Black noted that the performance was better than his predicted 370k deliveries, driven by strong end-of-quarter deliveries in China and refreshed Model Y sales. Despite challenges in markets like Sweden and Norway, the positive delivery figures may lead to upward revisions in 2025 estimates. Musk's political views and direct oversight of U.S. and European sales may impact future performance.