Tesla Stock On Track To Extend 6-Session Winning Streak, Up 3.5% Premarket: What's Driving The Acceleration
Portfolio Pulse from Shanthi Rexaline
Tesla stock is on track to extend its six-session winning streak, rising 3.5% in premarket trading. The stock surged 10.20% on Tuesday after reporting Q2 deliveries that exceeded forecasts. Analysts have mixed reactions, but some see a potential rebound in the second half of the year. Price targets have been raised by Wedbush and CANACCORD Genuity.
July 03, 2024 | 9:46 am
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POSITIVE IMPACT
Tesla's stock is experiencing a significant uptrend, rising 3.5% in premarket trading after a 10.20% gain on Tuesday. The positive movement is driven by Q2 deliveries exceeding forecasts, reduced inventories, and strong stationary energy storage business. Analysts have raised price targets, indicating potential for further gains.
The stock's premarket rise and recent gains are driven by better-than-expected Q2 deliveries and positive analyst reactions. Raised price targets from Wedbush and CANACCORD Genuity further support the bullish sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100