Stock market today: S&P 500 climbs as health care, tech gain; Nvidia earnings loom
Investing.com - Tesla (NASDAQ:TSLA) delivered 384,000 vehicles in the second quarter of 2025, Deutsche Bank (ETR:DBKGn) reported while maintaining its Buy rating and $345.00 price target on the electric vehicle maker. According to InvestingPro data, Tesla’s stock has seen significant volatility recently, dropping 8.19% in the past week, though the company maintains strong fundamentals with a current ratio of 2.0.
The delivery figure represents a 13% year-over-year decline but exceeded market expectations, which had fallen to around 360,000 units ahead of the announcement. Model 3 and Model Y vehicles accounted for 374,000 of the deliveries, while the Model S, Model X, and Cybertruck combined for just 10,400 units. With trailing twelve-month revenue of $95.72 billion, Tesla remains a dominant force in the automotive sector.
Tesla’s production outpaced deliveries with 410,000 vehicles manufactured during the quarter. Deutsche Bank analyst Edison Yu suggested the delivery upside likely came from stronger U.S. sales, potentially driven by consumers purchasing ahead of the expiration of EV tax credits, along with improved performance in Asian markets including Malaysia, South Korea, and Thailand.
The company’s energy storage business deployed 9.6 gigawatt-hours during the quarter, falling short of some analyst expectations that had projected 12 gigawatt-hours. Deutsche Bank now sees potential upside to Tesla’s automotive gross margin excluding regulatory credits due to the higher-than-expected delivery volume.
Looking ahead, Deutsche Bank acknowledged Tesla still faces volume growth challenges for 2025 due to EV policy headwinds and delays in the Model Q launch, while noting that CEO Elon Musk’s direct oversight of sales in Europe and the United States could potentially drive improved performance in the second half of the year. InvestingPro analysis suggests the stock is currently overvalued, with 16 additional exclusive insights available to subscribers. Investors can access Tesla’s comprehensive Pro Research Report, along with analysis of 1,400+ other top stocks, through an InvestingPro subscription.
In other recent news, Tesla’s second-quarter 2025 delivery report met analyst expectations, with Oppenheimer maintaining a Perform rating on the company. The investment firm highlighted that deliveries of the Model 3 and Model Y exceeded expectations, with U.S. factories likely producing around 165,000 vehicles during the quarter. This performance is expected to support Tesla’s margins, despite weaker sales for the Model S, Model X, and Cybertruck. In China, Tesla’s electric vehicle sales rose by 0.8% in June, ending an eight-month decline, with Model 3 and Model Y deliveries from the Shanghai factory increasing by 16.1% compared to May. Meanwhile, Tesla’s sales in Spain surged by 60.7% in June, although first-half sales were slightly down by 0.9% compared to the previous year. In other developments, Elon Musk’s AI startup, xAI Corp., added three banks to a $5 billion debt deal, including Barclays (LON:BARC), Mitsubishi UFJ (NYSE:MUFG) Financial Group, and UBS Group. Additionally, tensions between Elon Musk and U.S. President Donald Trump have escalated, with Trump suggesting Musk could lose more than the electric vehicle mandate in a recent tax and spending bill.
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