The number of automobiles sold by Tesla and Rivian during the last quarter was not anticipated.

From April through June, Tesla reported delivering roughly 466,000 vehicles.

Rivian, a manufacturer of electric trucks, shipped 12,640 units within the same time frame.

The stock prices of the two companies increased by 6.9% and 17%, respectively.

Tesla seems to have responded to the demand by repeatedly lowering the pricing of the Model Y and Model 3.

Currently, the corporation produces more cars than it sells.

As it produced 479,700 vehicles in the second quarter, Tesla's inventory increased.

surpassing deliveries by 13,000 roughly.