In the second quarter of this year, Tesla exceeded expectations by delivering about 444,000 vehicles to customers, a 15 percent increase from the first quarter despite a 5 percent year-over-year decrease. This performance was a significant improvement from the challenging first quarter as the company made a notable “comeback,” according to Wedbush Securities analyst Dan Ives. Analysts were surprised by the strong sales numbers, especially after predicting lower figures. Tesla had been facing challenges due to high interest rates and softer consumer demand for electric vehicles. Tesla's sales decline over consecutive quarters was a first for the company, with CEO Elon Musk acknowledging a lower growth rate for the year due to investments in future vehicles. Despite this, Tesla’s second-quarter sales outperformed expectations, exceeding Wall Street estimates and sparking a more than 10 percent rally in Tesla shares.