Tesla Inc. shares fell more than 6% to trade around $396 Thursday despite the electric vehicle maker reporting stronger-than-expected vehicle deliveries for the second quarter, highlighting investor focus on the pace of autonomous driving progress and profitability amid heavy spending on artificial intelligence initiatives. The company delivered 480,126 vehicles in the April-June period, surpassing analyst expectations and marking a significant rebound from prior quarters. Production exceeded 450,000 units, with energy storage deployments reaching 13.5 gigawatt-hours. Deliveries benefited from recovering demand in Europe and steady performance in other international markets, though North American sales faced headwinds. Tesla's Robotaxi ambitions remain central to its valuation narrative, with the company beginning unsupervised operations in limited areas of Austin, Texas, with plans for broader expansion. Chief Executive Elon Musk has emphasized artificial intelligence and autonomy as core to Tesla's future, positioning the company beyond traditional automotive manufacturing. Second-quarter deliveries exceeded the Wall Street consensus of approximately 397,000 to 406,000 vehicles. Model 3 and Model Y continued dominating sales volumes, while Cybertruck production ramped steadily. Tesla's Full Self-Driving software has received regulatory nods in additional markets, enabling supervised and unsupervised testing. The Cybercab robotaxi vehicle, designed without steering wheel or pedals, represents the company's vision for dedicated autonomous fleets.