Tesla Q2 Up 25%, Stock Falls 7.5% Same Day
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- Tesla reported its best Q2 ever with deliveries up 25%, yet the stock fell about 7.5% the same day — its worst performance in nearly a year — illustrating that delivery numbers and share price don't always move in tandem.
- Viram Shah, Founder & CEO of Vested Finance, cautioned that the recent gas price spike tied to the Strait of Hormuz situation is already easing, and pump prices are declining from May highs.
- BYD still outsells Tesla on pure EV volumes globally, underscoring that the EV transition is a structural, decade-long theme spanning multiple companies and battery/charging supply chains, not a one-stock bet.
- India imports roughly 85% of its crude oil, which structurally makes EVs cheaper to own and run over the long term, with government incentives and clean energy goals continuing to support adoption.
- Santosh Meena of Swastika Investmart flagged rupee depreciation, higher battery and raw material import costs, and subsidy/rural demand pressures as risks — recommending investors focus on financially strong Indian EV makers like Tata Motors, Mahindra, and Ola Electric rather than rely solely on global names.
Why it matters: The Tesla Q2-versus-stock-divergence example exposes a basic trap: delivery beats don't always lift share prices, and the Strait of Hormuz oil spike is already fading. For Indian investors specifically, the 85% crude import dependency makes EVs a structural cost story, but Meena's flagging of rupee depreciation and battery import costs points to a measured, diversified approach across both Indian plays (Tata Motors, Mahindra, Ola Electric) and global names rather than a concentrated single-stock bet.
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