Tesla Set To Rally After Pause? Analyst Sees Q2 Deliveries, Cybertruck Frenzy Boosting Stock
Portfolio Pulse from Shanthi Rexaline
Tesla's stock rally paused after a 13-session winning streak, but an analyst predicts further upside due to Q2 deliveries and Cybertruck launch. The analyst expects a record Q2 volume of 450,000 units, up 76% YoY, and more analysts to revise their price targets upward.
June 16, 2023 | 9:21 am
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Tesla's stock rally paused, but an analyst predicts further upside due to Q2 deliveries and Cybertruck launch. The analyst expects a record Q2 volume of 450,000 units, up 76% YoY, and more analysts to revise their price targets upward.
The analyst's prediction of a record Q2 volume of 450,000 units, up 76% YoY, and the upcoming Cybertruck launch are positive catalysts for Tesla's stock. Additionally, more analysts are expected to revise their price targets upward, which could further boost the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100