Tesla’s second consecutive drop in quarterly deliveries was not as steep as analysts were predicting, sending the EV maker’s shares soaring as much as 10 per cent.

The car maker said on Tuesday (Wednesday AEST) that it delivered 443,956 vehicles in the second quarter, better than the 439,302 average Wall Street estimate. While sales were down 4.8 per cent from a year ago, Tesla improved on a sequential basis from the 386,810 vehicles delivered in the first three months of the year.

Bloomberg