Tesla said today that its vehicle deliveries fell by a smaller than expected 5% in the second quarter from a year earlier, driven by the electric-vehicle maker's price cuts and incentives that helped stimulate demand.
The world's most valuable automaker's shares rose 4.5% in premarket trading, after losing 15.5% in value this year.
The EV maker handed over 443,956 vehicles in the three months to June 30, 4.8% lower than a year earlier and up 14.8% from the preceding quarter.
Wall Street on average had expected Tesla to deliver 438,019 vehicles, according to 12 analysts polled by LSEG.
Tesla delivered 422,405 Model 3 and Model Y and 21,551 units of other models, which include the Model S sedan, Cybertruck and Model X premium SUV.
It produced 410,831 vehicles during the April-June period.
Tesla, which ignited an EV price war more than a year earlier, has also offered discounts and incentives such as low-interest loans and cheaper leasing plans in the US, China and Europe, which have weighed on its margins.
