Tesla Stock Sank 7% Despite Record Deliveries

Tesla's stock fell 7% following record Q2 deliveries of 480,126 vehicles, a 25% year-over-year increase. The market reaction reveals investors now value Tesla primarily for its autonomous driving and robotics ventures rather than vehicle sales. A robotaxi expansion to Miami subsequently lifted shares by a similar amount, signaling that progress on Cybercab, robotaxi expansion, and Optimus humanoid robot development matters more to investors than delivery records.