Tesla, Inc. (NASDAQ:TSLA) designs and builds electric vehicles, batteries and energy storage systems, and the stock dropped 7.49% to 393.45 dollars on June 28 even as the company reported its strongest second quarter delivery total on record. The sell off shows how much investors are weighing execution against the stock's already steep valuation.
| Price | 393.45 USD |
|---|---|
| Day change | -31.85 (-7.49%) |
| 52-week range | 364.02 – 453.4 |
| Market cap | $1.48T |
| P/E ratio | 327.88 |
| EPS (ttm) | 1.2 |
| RSI (14) | 46.84 |
| Volume | 73,832,501 |
Key Takeaways
- Tesla delivered 467,762 vehicles in the second quarter, its best Q2 ever and up more than 120,000 from Q1
- The company built 451,758 vehicles, with 442,936 being Model 3 and Model Y units
- Shares fell 7.49% to 393.45 dollars despite the delivery beat, closer to the low end of the 52 week range of 364.02 to 453.40 dollars
- Market capitalization stands at 1.48 trillion dollars with a price to earnings ratio of 327.88
- RSI of 46.84 signals the stock is trading in neutral territory, neither overbought nor oversold
Delivery Strength Meets Investor Skepticism
Tesla shipped 467,762 vehicles in the quarter, comfortably ahead of Wall Street's estimates and its best second quarter by raw delivery count in company history. Production came in at 451,758 units, dominated by the Model 3 and Model Y lines at 442,936 combined. The remaining 12,364 vehicles fell under Tesla's