Why Tesla Stock Is Racing Higher Premarket Today
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) stock surged in premarket trading following the company's impressive Q2 deliveries and production results. The company reported record-breaking Q2 deliveries of 466,140 units, a YoY increase of 80%, and production of 479,700 units, a YoY increase of 88%. These figures exceeded expectations, with Goldman Sachs analyst Mark Delaney increasing the price target for Tesla stock to $275.
July 03, 2023 | 10:08 am
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POSITIVE IMPACT
Tesla's impressive Q2 results and increased price target by Goldman Sachs analyst could lead to a short-term increase in the company's stock price.
The impressive Q2 results exceeded expectations, which is a positive signal to investors. Additionally, the increased price target by a Goldman Sachs analyst indicates a positive outlook for the company's stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100