Tesla Q2 Deliveries 'The Appetizer To The Main Event': Analyst Says 'Worst In The Rearview Mirror' Ahead Of Robotaxi Day
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) shares are trading higher after beating consensus estimates for second-quarter deliveries. Analysts and investors are optimistic, with Wedbush's Dan Ives suggesting the worst is behind Tesla. The company reported 443,956 deliveries, surpassing the 437,800 estimate. Analysts are looking forward to Tesla's Robotaxi Day on August 8, which could be pivotal for the company's future.
July 02, 2024 | 2:56 pm
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Tesla's Q2 deliveries surpassed expectations, reporting 443,956 units against a consensus estimate of 437,800. Analysts are optimistic, suggesting the worst is behind Tesla. The upcoming Robotaxi Day on August 8 is anticipated to be a significant event for the company.
Tesla's better-than-expected Q2 delivery numbers have positively impacted investor sentiment, leading to an 8.6% increase in share price. Analysts are optimistic about the company's future, particularly with the upcoming Robotaxi Day, which could further boost the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100