MIDDAY: Tesla beats big, sinks anyway ๐
$TSLA posted a blowout Q2: 480,126 deliveries, up 25% from last year, crushing the ~406K Street estimate. Stock's down about 8% anyway. ๐
Third delivery report in a row it's sold off, and the beat leaned on inventory (deliveries outran production). The real test is margins on July 22.
Meanwhile $RIVN jumped on a raised full year guide (65K to 70K). ๐ The EV crowd clearly picked a favorite today.
Broader tape's split: Dow green, Nasdaq down about 1.4% as $NVDA and the AI names bleed a 2nd day.