Tesla's stock surged over four percent following a better-than-expected delivery report, where the company delivered 384,122 vehicles in Q2, almost meeting Wall Street's predictions of 385,000 cars.
Despite concerns over production pauses at Gigafactory Texas and new Model Y configuration, Tesla's shares were up about 4.5 percent by noon on the East Coast.
Analysts believe Tesla is on track to match its past delivery numbers and note optimism around CEO Elon Musk's commitment to the company's growth.
It is anticipated that Tesla could see accelerated growth in the coming years, with the focus on autonomous technology and robotics driving future valuation.