Tesla beat Q2 delivery estimates and the stock fell. Wednesday’s earnings face the same problem.

Tesla delivered 480,126 vehicles in the second quarter, beating Wall Street estimates with a 25% year-on-year increase. The stock dropped. That reaction tells you everything about where expectations sit ahead of Wednesday’s earnings report. A beat is now the baseline. If exceeding delivery targets does not trigger a rally, meeting or slightly beating bottom-line earnings […] This story continues at The Next Web

This story was reported by The Next Web. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

Read full coverage at The Next Web →

Tesla beat Q2 delivery estimates and the stock fell. Wednesday’s earnings face the same problem.

More from Tech & Startups

Kanishka Narayan becomes the UK’s first cabinet-level AI minister

Brazil’s Pix becomes a trade flashpoint with the US, and the world is watching

'If you're not AI-native, you're not getting funded': European fintech's H1 funding figures

US and China reportedly plan a fresh round of AI talks in September

The US is clearing the runway for air taxis and supersonic jets

Netflix makes AI fluency a baseline expectation for all hires