TLDRTesla reported 482,229 vehicle deliveries in the second quarter, beating Wall Street estimates of about 406,600 vehicles.Tesla stock fell about 7% on Thursday despite the strong delivery report and continued its recent post-report weakness.Model 3 and Model Y vehicles accounted for 467,762 deliveries, representing 97% of Tesla’s total quarterly deliveries.Tesla deliveries rose 25% from the same period last year and increased 34% from the first quarter of 2026.The company deployed 13.5 GWh of energy storage in the quarter, beating analyst expectations of 13.3 GWh.Tesla stock fell 7% on Thursday after Tesla reported second-quarter deliveries that beat Wall Street estimates. The Tesla stock drop showed market concern beyond the headline sales rebound. Tesla stock also extended its weakness after recent updates.Tesla, Inc., TSLATesla Stock Falls After Strong Delivery BeatTesla delivered 482,229 vehicles in the second quarter, beating StreetAccount estimates of about 406,600 vehicles. The company-compiled consensus stood at 406,024 deliveries last week. Tesla stock still declined as traders weighed broader market risks.Tesla stock reacted even as deliveries marked a 25% rise from roughly 384,000 vehicles a year earlier. Deliveries also rose 34% from 358,023 vehicles in the first quarter of 2026. Tesla stock had fallen after each of the past three quarterly delivery reports.Model 3 and Model Y accounted for 467,762 deliveries, or 97% of the total. Tesla does not report exact deliveries by region or model. Deliveries offer Tesla’s closest sales measure, although the company does not define them precisely.Sales Rebound Meets Market DoubtsTesla aims to recover after two straight years of lower vehicle sales. Consumer backlash against Elon Musk and the loss of a federal tax credit hurt demand. Tesla stock reflected that concern despite the stronger quarterly numbers.The company also faces rising pressure from global electric-vehicle rivals. BYD, Nio, and Xiaomi offer cheaper and advanced EVs in China. Hyundai, Volkswagen, and other automakers have also increased competition in major markets.Tesla responded by selling lower-cost versions of the Model 3 and Model Y. It also expanded Full Self-Driving (Supervised) into some European markets. Still, Tesla stock moved lower as buyers questioned whether demand can last.Energy Growth and Upcoming ResultsEuropean demand helped Tesla during the quarter as gas prices surged after the Iran war. Buyers in Europe purchased more EVs during the first half. However, oil prices later returned near levels seen before the conflict began.In the U.S., buyers have shifted toward hybrid vehicles, according to AlixPartners executive Dan Hearsch. “We have a huge country,” Hearsch said, citing distance and charging limits. He added that Europe has stronger charging networks and shorter driving needs.Tesla deployed 13.5 GWh of energy storage in the quarter, beating estimates of 13.3 GWh. The figure also rose from 9.6 GWh a year earlier. Tesla stock faces the July 22 earnings report, and Tesla stock remains under clear pressure.The post Tesla Stock Falls 7% Even as Q2 Deliveries Beat Wall Street Views appeared first on Blockonomi.