Tesla has finally achieved the explosion I have been waiting for for a long time. Tesla up roughly 40% in 3 weeks. It added $20 more to its value per share in the last two days. It is going very positive today as well, currently there is an increase of around $10. The reason is Tesla's deliveries have been very good. Second quarter sales delivered 443956 vehicles. Wall Street expectation was between 400000 and 420000. It was well above expectations. On the other hand, they produced only 410830 vehicles. This means that they also took the inventory back. This is extremely positive. After Tesla sales last quarter, I said that Tesla's sales could actually be good, the goods seem to be stuck on the ships. Indeed, when we delivered those goods this quarter, sales suddenly exploded upwards.
We are exceeding expectations, but perhaps more importantly in large energy storage products. In other words, Tesla also broke the sales record for these giant industrial batteries. They sold 9400 megawatt hours of energy storage units. This is like 2.5 times the previous quarter. It is almost 3 times the rate of the same quarter last year. This is also very important because Tesla's profit margin is very high here. This tells us that the profitability side of Tesla's balance sheet, which will be released on July 17, will also be positive. On the other hand, as you know, Elon Musk made a serious downsizing in the company. We may not see the effects of that contraction this quarter. But Wall Street will read how it will affect the next quarter. For this reason, Tesla is no longer a profitable company, and Tesla has actually dealt a blow to nonsense fears such as whether Tesla will go bankrupt or go bankrupt.
In addition, on August 8, Tesla will explain its latest situation regarding fully autonomous driving and its robotaxi project. Yesterday, Uber's former CEO Elon Musk started following him on Twitter. It also created excitement in the markets. Positive news like this continues to flow, such as "Is Tesla about to make a deal with the former Uber CEO to build a model like Uber?" This sent the stock skyrocketing. Of course, it may not always be possible to predict the future. But I clearly predicted that the second half would be like this. These were also bottoms in the days when Tesla hit $140. I don't know about you, I said I was starting to get it. We see where the stock is heading since then. I was in the whole flow from let's say $140 to $220.
I don't know what the stock price will do from now on, it is never possible to know. Because there are many variables in the market. However, I think that the dark clouds over the company have dispersed and that it will move from bad margins to better margins, from falling sales to better sales, that energy storage will now become a serious business, and that it will move towards new projects and artificial intelligence with the new vehicle model and the new robotaxi model to be announced on August 8. That's why it motivated me so much and I was so happy. Frankly, we were suffering at Tesla for a long time. It was the worst performing stock in my portfolio since the beginning of the year. I have been an investor in Tesla for a very long time. That's why my costs are very low, but still, frankly, they have not accompanied the rise of S&P 500 and Nasdaq since the beginning of the year.
The company now has brighter days ahead of it. Because Elon Musk's company partnership problem has been solved. Tesla started not reducing prices anymore. Instead, it reduces interest rates on vehicles sold on credit. Last week's sales figures from China were very positive. When America lowers interest rates, it will have a positive impact on Tesla in general. As you know, Tesla has an autonomous driving day on August 8th. Things usually go well until that point, so it falls that day. Because it may be a bit "sell the news", but I think it will go well up to that point. I think Elon Musk's company motivation is high, and perhaps most importantly, he supports Trump and Trump seems close to winning the election. Because of all this, I think Tesla is currently in the best position to rise, at least in the short to medium term. I continue to buy on Tesla and I'm buying not only Tesla but also Tesla leverage. Because I think the coming days will be positive for Tesla, of course I could be wrong.
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