Tesla jumped 10.2% on July 2nd after surpassing second-quarter delivery expectations with 443,956 vehicles, beating analysts' forecast of 439,000.

Tesla (TSLA) shares surged Tuesday to their highest levels since January following the release of second-quarter production and delivery numbers that surpassed analysts' expectations.

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The electric vehicle giant said it delivered 443,956 vehicles in the second quarter and produced 410,831 vehicles. While the deliveries figure was down 5% compared with the second quarter of 2023, it came in ahead of analysts' consensus of about 439,000.

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Tesla was the biggest gainer on the S&P 500 for the second consecutive day Tuesday, with shares rising 10.2% to close at $231.26. The stock has gained 17% over the past two sessions, but is still down about 7% since the start of the year.

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This marked a 14.8% increase from the first quarter.

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