Tesla's stock is soaring after it reported record-setting vehicle deliveries last quarter (TSLA)

• Tesla shares jumped late Tuesday after the automaker said it delivered and produced a record number of vehicles in one quarter. 
• Wall Street analysts have told investors in recent weeks that while this quarter was likely to meet or exceed expectations, the longer-term outlook is still in question.
• The California automaker, led by CEO Elon Musk, said it produced a record 87,048 vehicles in the second quarter. It also delivered around 95,200 vehicles for another record.
• Track Tesla shares here in real time.

Tesla shares surged 8% in late Tuesday trading after the electric automaker reported quarterly delivery figures that topped Wall Street's expectations. The company's strong showing was widely expected, and followed last quarter's disappointing quarterly results that have fanned analyst fears of demand concerns.

Tesla said it produced a record 87,048 vehicles during the second quarter and delivered around 95,200 vehicles, also a record. Deliveries topped the 87,749 vehicles analysts polled by Bloomberg expected.

"We believe we are well positioned to continue growing total production and deliveries in Q3," the company said.

Tesla said it delivered 77,550 Model 3 vehicles in the second quarter, topping analysts' expectations for 70,959 deliveries, per Bloomberg data. The automaker noted it was entering the third quarter with an increase in its order backlog, seeking to quell investors' concerns over demand. 

The results come as Tesla's

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