Tesla reported second‑quarter vehicle deliveries that topped Wall Street forecasts, delivering a record for the period as demand in Europe rose while North America remained weak.

The company's automotive segment had posted two consecutive annual declines in sales, prompting concerns about its growth trajectory. The latest figures suggest a rebound in the European market.

Analysts said the rebound could support Tesla's investments in autonomous driving and artificial intelligence, which are key components of its valuation. The recent cooling of backlash toward Elon Musk was noted as the company continued to expand its product lineup.

Tesla's delivery numbers exceeded analyst expectations, indicating a potential stabilization after two years of decline. The company plans to maintain its spending on autonomous driving and AI, while the durability of the sales recovery remains to be seen.