Tesla's Stock Surges After Beating Delivery Expectations
Investors react positively as Tesla's Q2 deliveries exceed forecasts despite challenges, fueling optimism for future growth.
- Tesla's second-quarter deliveries reached 443,956 vehicles, surpassing Wall Street's estimate of 439,000.
- The company has fully recouped its year-to-date losses, adding $150 billion to its market cap in three days.
- Short sellers faced significant losses, with an estimated $3.5 billion lost in two days of trading.
- Analysts have raised Tesla's price targets, citing its AI potential and upcoming Robotaxi launch as key growth drivers.
- CEO Elon Musk's bold statements and the company's strategic initiatives have renewed investor confidence.