Wednesday, after the electric-vehicle giant allayed investor fears by reporting second-quarter deliveries that were pretty close to expectations. Investors were increasingly anticipating a bad number,

Tesla is headed for another year of shrinking sales after it posted a second straight drop in quarterly deliveries, dragged down by CEO Elon Musk's right-wing political stances and an aging vehicle line-up that has turned off some buyers.

Tesla reported a second consecutive quarterly decline in global vehicle deliveries, posing a significant challenge for the company to achieve its ambitious annual growth targets. In the second quarter, Tesla delivered 384,122 vehicles, representing a 13% decrease from the same period last year.