Tesla shares rallied over 10 after the company reported second quarter vehicle production and deliveries that beat analyst expectations. Citi analysts said they anticipated a "favorable share price reaction" following the strong delivery numbers. The EV giant reported its highest quarterly performance by deploying 9.4 Gigawatt hours of energy storage products in the second quarter. Investors will now be watching Tesla's Q2 financial results on July 23rd for further details on automotive gross margins and any product launch updates. Tesla shares are still down nearly 7 year-to-date overall.