Investing.com -- Tesla's second-quarter vehicle deliveries are on pace to surpass market expectations, according to Goldman Sachs, which has raised its delivery forecast ahead of the update.

Goldman analyst Mark Delaney told investors in a note on Tuesday that the bank has lifted its Q2 2026 delivery estimate to 420,000 units from 405,000, citing regional sales data that points to outperformance relative to the consensus estimate of 400,000 units per Visible Alpha.

"We believe that Tesla's 2Q26 vehicle deliveries are likely tracking ahead of consensus," Delaney wrote, pointing to monthly and weekly sales data points across key markets including China, the U.S. and Europe.

Europe is said to have stood out as a particular bright spot. Goldman Sachs noted that European registration data through May shows an approximately 85–90% year-over-year increase, with countries reporting June daily data showing a strong start to the month.

The bank attributed part of the surge to a favorable base effect, as Q2 2025 European deliveries fell 29% year-over-year.

In China, data from the CPCA through May indicated high single-digit year-over-year growth, while other Asia-Pacific markets, including South Korea and Australia, also posted strong figures on both a year-over-year and quarter-over-quarter basis.

The U.S. was the sole weak point in the regional breakdown, with deliveries through May tracking down mid-teens year-over-year, per Motor Intelligence data cited by Goldman Sachs.

Goldman estimates that in 2025, the U.S. accounted for a mid-30% share of Tesla's total deliveries, with China at approximately 38% and Europe at 15%.