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.

Tesla saw its sales fall to a three-year low as the electric car maker continues to suffer from Elon Musk’s political views.Customer deliveries fell by 14 per cent in the second quarter of the year, marking one of the company’s biggest ever year-over-year declines.