Investors are eagerly anticipating an update on Tesla's quarterly sales, which is expected to be released on Tuesday. Analysts have predicted that the electric vehicle (EV) giant will report approximately 441,000 deliveries in the second quarter.

Following the news, Tesla, Inc. (TSLA) shares experienced a climb on Monday as investors eagerly await the official figures. This positive momentum is also reflected in the trading of Chinese electric vehicle stocks, with NIO Inc. (NIO), Li Auto Inc. (LI), and XPeng Inc. (XPEV) posting gains after their monthly and quarterly delivery reports showed significant year-over-year increases in vehicle deliveries.

In addition to delivery updates, Tesla recently announced a partnership with New Zealand power company Contact Energy. The collaboration aims to construct a 100 MW battery storage system in Glenbrook, New Zealand, with a projected cost of up to $99.4 million. Tesla will be utilizing Megapack 2 XL battery units for this project, while also providing commissioning and long-term maintenance services.

According to data from Benzinga Pro, Tesla's shares are currently trading above the stock's 50-day moving average of $176.46. Monday saw a significant trading volume of over 135 million shares.

On a positive note for Tesla, the company's stock closed Monday's session with a 6.05% increase, reaching $209.86, according to Benzinga Pro.

Investors and industry experts will be closely watching Tesla's quarterly sales update to gain insights into the company's performance and growth trajectory. With the anticipation running high, it remains to be seen whether Tesla will meet or exceed the consensus estimate of 441,000 deliveries for the second quarter.