Tesla (TSLA) released its Q2 deliveries and production numbers on Wednesday, July 2. The deliveries, which closely approximate vehicle sales fell 13.5% year-over-year. The decline was higher than the 13% fall in Q1 and was the worst ever for the company.

Q2 delivery numbers marked a sharp year-over-year decline but still managed to exceed the more pessimistic forecasts. The

Despite shrinking U.S. market share and rising competition, Tesla's delivery declines have moderated. Click here to read my analysis of TSLA stock now.