US Stock Market Move | Q2 deliveries exceeded expectations but the market is concerned about new businesses such as AI. Tesla, Inc. (TSLA.US) fell nearly 4%.

On Thursday, Tesla, Inc. (TSLA.US) opened slightly higher before quickly falling, now down nearly 4%, down nearly 9% year-to-date. In terms of news, Tesla, Inc. released its second-quarter delivery data, with deliveries reaching 480,100 vehicles, a 25% year-on-year increase, far exceeding market expectations. Boosted by a significant recovery in European demand and a low-price model strategy, this performance temporarily overshadowed Musk's political controversies, U.S. subsidy reductions, and intensifying market competition. However, market attention has shifted more towards its new businesses such as artificial intelligence (AI) and Siasun Robot & Automation. Although car sales remain Tesla, Inc.'s largest source of revenue, Wall Street's evaluation logic is rapidly moving beyond quarterly delivery volumes and focusing on Musk's grand visions of AI, autonomous driving, and humanoid Siasun Robot & Automation. The company's current valuation of around $1.6 trillion largely depends on these long-term businesses. Looking ahead to the second half of the year, inflation trends, changes in trade policies, and rising costs of key components such as chips could become major challenges for U.S. automakers. At the same time, speculation about Musk potentially merging Tesla, Inc. with SpaceX in the future continues to heat up, adding new variables to the narrative of this electric car leader. Tesla, Inc. will release its complete quarterly financial report after market close on July 22, allowing the market to further assess its profitability and the latest developments in its various business lines.