Tesla has just endured the steepest quarterly decline in deliveries in its history, shipping approximately 384,000 electric vehicles in the second quarter, a 13.5% year-on-year drop from the 444,000 vehicles delivered in the same period last year. Despite this significant decline, Tesla's share price failed to reflect the gravity of the news, instead climbing 5%. This unexpected surge was attributed to the fact that Tesla's delivery performance surpassed Wall Street's expectations of an even "worse scenario," which had initially anticipated a decline of over 20% in the second quarter.