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Fortune
Fortune
Christiaan Hetzner

Tesla's shock Q2 delivery surprise may have been driven by smaller unexpected markets, leaving Wall Street puzzled

Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. (Credit: Slaven Vlasic—Getty Images for The New York Times)
  • Tesla’s vehicle deliveries in Turkey and Norway last month were ten times the volume sold in Germany despite being minor in size when compared with Europe’s largest economy. While this sudden spike in sales helped the company meet Q2 delivery estimates, it could be a sign that Tesla is in need of an outlet valve to prevent production cuts at plants such as its gigafactory near Berlin.

After Tesla stunned the market on Wednesday with quarterly sales that were nowhere near as bad as feared, investors are racking their brains trying to figure out where tens of thousands of cars suddenly appeared.

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