Investor Gary Black of The Future Fund LLC has reiterated that Tesla Inc.‘s (NASDAQ:TSLA) second-quarter 2026 delivery beat came due to elevated gas prices amid the war in Iran.
Gary Black Says Tesla Deliveries Surge Caused By Iran War
In a post on X on Sunday, the investor shared how gas prices had risen to “$3.86/gallon over the July 4th weekend” from $2.98/gallon before the Iran war.
“The rise in gas prices is likely what caused the surge in 2Q EV deliveries YoY,” Black said, outlining delivery beats posted by Tesla, Rivian Automotive Inc. (NASDAQ:RIVN), as well as Lucid Group Inc. (NASDAQ:LCID).
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