$Tesla(TSLA.US) now +4.3% on better than feared 2Q deliveries. If one just reads the headlines, one would think TSLA missed. Versus my 370K estimate (higher than most here on X), 2Q was better than expected, led by refreshed Model Y delivs and strong quarter-end China deliveries. This could lead to upside revisions for FY’25 delivs (WS 1,655K -7.5% YoY), especially with the planned elimination of the $7,500 EV credit in Trump’s tax and spending bill.
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