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.

Analysts have attributed the drop in demand for Tesla vehicles to Mr Musk’s allegiance to US President Donald Trump, which has seen the company’s share price drop by more than a quarter since he took office. There have been dozens of protests at Tesla ...