{"id":1230,"date":"2026-07-02T18:44:34","date_gmt":"2026-07-02T18:44:34","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1230"},"modified":"2026-07-02T18:44:34","modified_gmt":"2026-07-02T18:44:34","slug":"tesla-suddenly-plunges-8-despite-beating-expectations-on-deliveries","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1230","title":{"rendered":"Tesla Suddenly Plunges 8%\u2014Despite Beating Expectations On Deliveries"},"content":{"rendered":"<div>\n<h2>Crucial Quote<\/h2>\n<p>&#8220;And finally I shorted Tesla at 416.22. Happy it jumped back to this level,&#8221; Burry wrote at the end of a post on his <u>Substack<\/u> published on Tuesday. Burry\u2019s post was primarily detailing his analysis of what he sees as a semiconductor bubble and said nothing else about Tesla. Burry didn\u2019t reveal how large his short position against the company was, and provided no other context about the bet.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1228\">As America Turns 250, Washington, D.C. Is Under Construction<\/a><\/p>\n<h2>Surprising Fact<\/h2>\n<p>Tesla stopped producing several of its higher end models this quarter, discontinuing its Model S and Model X vehicles and focusing on just three cars: the Model 3 sedan, the Model Y SUV and the Cybertruck. Model 3 and Model Y cars made up the clear majority of deliveries in the second quarter, according to Tesla\u2019s data, while only 12,364 Cybertrucks were delivered. <\/p>\n<h2>Key Background<\/h2>\n<p>Tesla faced rising backlash in Europe after President Donald Trump won the 2024 election. Consumers fled from the company as Musk took more public political stances, such as backing German <u>far-right party AfD<\/u> prior to the German elections. Sales in Europe plummeted, falling almost 27% over the course of 2025, <u>Reuters<\/u> reported. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1226\">Hantavirus Cruise Ship Outbreak Officially Over After 13 Infected, 3 Dead<\/a><\/p>\n<div><\/div>\n<h2>Forbes Valuation<\/h2>\n<p>We estimate Elon Musk\u2019s <u>net worth<\/u> at $972.4 billion, making him the wealthiest person in the world. His net worth has fallen by over $14 billion on Thursday, as Tesla\u2019s stock price drops and share prices for his newly public SpaceX remain flat. SpaceX\u2019s collapsing share price on Wednesday cost Musk about $50 billion, bringing his net worth down and making him <u>lose his status<\/u> as the world\u2019s first trillionaire.<\/p>\n<h2>Tangent<\/h2>\n<p>Tesla\u2019s positive sales numbers come only days after the company&#8217;s electric semi truck was involved in its first recorded <u>fatal crash<\/u>. Two people in Nevada were killed after one of Tesla\u2019s trucks crashed into a Volkswagen Beetle about 30 miles from Tesla\u2019s gigafactory in the state. Details about the crash are still sparse, but the <u>Lyon County Sheriff\u2019s Office<\/u> said preliminary reports \u201csuggest the driver of the semi may have fallen asleep.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=1224\">Could More Epstein Files Be Released Today? DOJ Faces Court-Ordered Deadline To Unredact Names<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TSLA was down about 8% by 1 p.m. EDT on Thursday.<\/p>\n","protected":false},"author":1,"featured_media":1229,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tesla Suddenly Plunges 8%\u2014Despite Beating Expectations On Deliveries - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=1230\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla Suddenly Plunges 8%\u2014Despite Beating Expectations On Deliveries - 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