Tesla Stock Earnings Setup Shifts After Major Delivery Beat

TLDR Tesla delivered 480,126 vehicles, beating the second-quarter consensus by about 18%. Vehicle deliveries exceeded production, indicating Tesla reduced finished vehicle inventories during the quarter. Analysts raised second-quarter earnings and revenue estimates before the July 22 results. Tesla reported two consecutive normalized earnings beats before the latest delivery update. Energy storage deployments reached 13.5 GWh, [...]

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