Despite shrinking U.S. market share and rising competition, Tesla's delivery declines have moderated. Click here to read my analysis of TSLA stock now.

Tesla (TSLA) released its Q2 deliveries and production numbers on Wednesday, July 2. The deliveries, which closely approximate vehicle sales fell 13.5% year-over-year. The decline was higher than the 13% fall in Q1 and was the worst ever for the company.

Tesla is banking on self-driving technology to drive its next wave of growth. The company recently launched robotaxi services in Austin and completed a fully autonomous Model Y delivery, with no driver and no remote guidance. Musk envisions robotaxis as a game-changing revenue stream amid rising EV competition.