Tesla climbs after better-than-expected Q2 deliveries report
Updates
** Shares of Tesla TSLA.O rise 9.1% to $229.03 after electric automaker reports better-than-expected Q2 deliveries
** Stock hits near six-month high of $231.15
** TSLA delivered 443,956 vehicles in Q2, 4.8% lower than a year earlier, but better than market estimates of 438,019 vehicles, according to 12 analysts polled by LSEG
** Deliveries up 14.8% from the preceding quarter
** More than 119 mln shares exchanged hands, above 25-day moving average volume - LSEG
** While stiff competition in China and higher demand for gas-electric hybrid vehicles over electric vehicles have added to TSLA's woes, company's price cuts and incentives have helped stimulate demand
** TSLA's June sales of China-made EVs fell 24.2% Y/Y
** Stock down 15.5% up to Monday's close vs Nasdaq's .IXIC 19.09% rise and 14.81% gain in S&P 500 index .SPX
Tesla's shares hit near six-month high https://reut.rs/3W8YTQT
Reporting by Nikhil Sharma, Deborah Sophia and Akash Sriram in Bengaluru
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