Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop

Tesla Second Quarter Deliveries - Tesla delivered 384,122 vehicles in the second quarter, slightly below the FactSet consensus estimate of 387,000 [2][4] - Production reached 410,244 vehicles [3] - Analyst expectations varied, with some anticipating delivery numbers closer to 355,000-360,000 [3] - The stock reacted positively to the delivery numbers [5] Regulatory Credits and Incentives - Tesla benefits from zero emission vehicle credits, generating $24 billion (2.4% billion) in revenue last year from other automakers and companies needing to meet greenhouse gas emission standards [7] - These credits remain unchanged [6][8] - A proposed bill includes a $7,500 credit for electric vehicle buyers, potentially expiring after September 30th, subject to further changes [8][9] China Market - China shipments rose in June, marking the first increase in six months [9][10] - The China market is highly competitive, and one month's data is insufficient to determine if the worst is over [11] - Price wars in China are negatively impacting profitability for Tesla and other automakers due to overcapacity [11][12]