This Week in Tesla: Tesla Stock Tumbles Despite Delivery Beat, New Model Y L and More

The past week brought a mixed bag of news for Tesla Inc. (NASDAQ: TSLA ) and Elon Musk, as despite impressive Q2 delivery numbers, the electric vehicle giant’s stock took a hit.

Here’s a recap of all the major stories: Q2 Deliveries Jump 25% One of the main highlights of Tesla’s week, the EV giant reported a 25% increase in Q2 deliveries, with Model 3 and Model Y being the primary growth drivers.

The company delivered over 480,126 vehicles during the quarter and energy storage deployments reached 13.5 gigawatt-hours (GWh).

Read Also: Gary Black Targets Elon Musk's Self-Driving Efforts as Rivian Stock Rally Shows no 'Newfound Infatuation' with Autonomous Vehicles, FSD Ross Gerber on Tesla’s Stock Decline Investor Ross Gerber expressed his views on Tesla’s stock decline, attributing it to the market’s negative reaction to Tesla’s sales numbers.

He also pointed out the company’s limited model range and issues with FSD safety.

Despite these challenges, Tesla’s price trend remains favorable in the short, medium, and long term.

Tesla Launches Three-Row Model Y L Tesla has also officially launched its six-seater Model Y L in the U.S.

The new model, priced at $61,990, comes with a free 12-month subscription for Supervised Full Self-Driving (FSD), a tow hitch, 19″ wheels, and free 12-month access to Tesla’s Supercharging network.

NHTSA Closes Investigation Into Tesla Vehicles The National Highway Traffic Safety Administration (NHTSA) closed a probe into 695,000 Tesla Model Y and Model 3 vehicles over an automatic braking issue, following software updates released by Tesla that significantly reduced the number of incidents.

The agency also closed a probe into Tesla’s power steering woes, which came after drivers reported difficulty turning the steering wheel or increased steering effort.

Tesla had recalled the affected vehicles in early 2025 and issued an over-the-air software update.

Tesla Snubbed in California’s New EV Incentives With the expiration of the $7,500 federal EV tax credits, California passed a $135 million program hoping to win over first-time EV buyers.

However, Tesla was notably absent from the list of beneficiaries in what could be a blow to the EV giant’s sales.

Read Also: Tesla Stock Falls After 'Monster Delivery Number,' Gene Munster Knows The Reasons Why Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a editor.

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