Tesla stock (TSLA) surged over 10% after reporting quarterly vehicle deliveries that exceeded expectations, causing shares to rise even further in pre-market trading. The electric vehicle giant delivered 443,956 vehicles in the second quarter, beating analyst estimates. This achievement comes amidst tough competition from Chinese EV makers and a challenging market for electric vehicles. Despite a year-over-year drop in deliveries, analysts remain optimistic about Tesla’s future, citing potential improvements in sentiment towards the EV industry. The focus now shifts to Tesla’s Q2 auto gross margins and future product launches. With Elon Musk acknowledging short-term struggles in demand, analysts warn of potential impacts on the company’s gross margin amid a crowded market. Tesla's stock has rallied significantly since April, but remains down year to date. Stay updated on the latest financial news with Yahoo Finance.