Tesla stock rose early Thursday following the company’s second-quarter delivery report. The reaction to deliveries demonstrates that car sales still matter to the company, despite CEO Elon Musk’s increased focus on robo-taxis.

Tesla stock sunk as much as 8% after President Donald Trump fired a new shot at Elon Musk. Trump said Musk had government subsidies than "any human being in history" in a post on Truth Social. The pair's feud was reignited by more criticism from Musk over Trump's tax bill.