Tesla’s EV Delivery Slump Casts Shadow Over Stock Rally

Tesla's 65% stock surge over the past year masks growing vulnerabilities in its Core electric vehicle business. While investors cheer futuristic projects like the Optimus robot and Cybercab, 74% of revenue still comes from EV sales—a segment facing unprecedented pressure.

Q3 2025 delivery estimates due October 2nd project only marginal improvement from disastrous first-half figures. First-half deliveries plummeted 13% year-over-year, dragging revenue down 14% and earnings 31%. The erosion of Tesla's EV dominance threatens funding for its moonshot projects.

Wall Street's cautious Optimism ahead of the delivery report fails to address the structural challenge: Tesla is losing the affordable EV war. As competitors carve into key global markets, Elon Musk's vision of Tesla becoming the world's most valuable company appears increasingly disconnected from operational realities.