Tesla shares fell Thursday after Q2 deliveries. Investor Gene Munster breaks down why the stock fell despite positive numbers.

TSLA was down about 8% by 1 p.m. EDT on Thursday.

Tesla beat delivery estimates by 18% in Q2 2026, posting 480,126 deliveries. It was a 25% YoY increase and 34% jump from Q1 as the company tries to rebound.