Tesla (TSLA) Launches Six Seat Model Y L in US
Tesla shares dropped nearly 7.5% even after record second quarter deliveries and the launch of a six seat Model Y L, as investors weigh valuation against a fading tax credit.

Tesla shares dropped nearly 7.5% even after record second quarter deliveries and the launch of a six seat Model Y L, as investors weigh valuation against a fading tax credit.

Tesla beat delivery estimates with 480,000 EVs shipped in the second quarter, yet shares fell 7.49%. Here is what valuation, momentum and gas prices reveal about the drop.

Tesla's Q2 deliveries crushed every Wall Street estimate, yet shares fell nearly 7.5%. Here's how the beat, the backlog clearance and a 327.88 P/E fit together.
