What's Behind Tesla Stock's (NASDAQ:TSLA) Surge, And Is It Justified?
What caused Tesla's stock to surge recently?
Tesla's stock surge recently was caused by better-than-expected second-quarter delivery numbers, with the company delivering 443,956 electric vehicles. This beat consensus estimates and showed a 14.8% increase from the first quarter. Additionally, Tesla shareholders voted in favor of giving Elon Musk a $56 billion pay package and reincorporating the company in Texas, which also contributed to the stock's rise.
How much did Tesla's stock price increase in the last 30 days?
Tesla's stock price increased by 40.9% over the past 30 days, driven by better-than-expected delivery numbers in the second quarter and shareholder votes in favor of Elon Musk's 2018 $56 billion pay package and company reincorporation in Texas.
What are Tesla's vehicle delivery statistics for Q2?
Tesla's vehicle delivery statistics for Q2 2024 were 443,956, which beat Wall Street estimates of 439,000. This number was 4.8% lower compared to the previous year's quarter but marked a 14.8% increase from Q1 2024.