Today, Tesla stock surged as much as 6% in premarket trading despite the EV maker reporting a global sales decline. The company’s impressive stock rise comes amid mixed financial results and regional sales fluctuations.
According to the company, it delivered 384,122 electric vehicles in Q2, up from 336,681 in Q1, but down 13% from the previous year.
Tesla also reported that in Q2, it produced 410,244 vehicles across its global plants, surpassing the 400,082 expected.
According to the EV maker’s press release, Tesla’s sales in China increased for the first time in nine months, a positive sign for the company’s growth in the region. Meanwhile, Tesla’s sales declined for the sixth consecutive month in Sweden and Denmark, emphasizing the impact of Musk’s declining reputation along with ongoing regional competition in Europe.
Investor confidence in Tesla mainly depends on Elon Musk’s ambitious promises about the company’s robotaxis, which were launched last month in Austin.
Aside from his CEO responsibilities, Elon Musk remains under negative media scrutiny as he and President Trump continue to clash on social media, which is heavily impacting Tesla’s stock price. Tesla shares dropped 5% on Tuesday after Trump threatened to end subsidies for Musk’s businesses, in response to the CEO’s comments on the Big Beautiful Bill.
In 2025, Tesla’s stock has fallen about 25% for the year. Experts estimate that the Musk-Trump feud has already cost Tesla over $150 billion in value.
By CEO NA Editorial Staff
