Tesla stock rose in premarket trading on Wednesday, signaling the possibility of it adding to its six-session winning streak.
Tesla (NASDAQ: TSLA) Q2 delivery numbers came in better than expected at 444,000 delivered units, as they surpassed analysts' expectations of 439,000, which in return made TSLA stock surge by 10.20% and prompted a new price target from Wedbush analyst Dan Ives.
Tesla (TSLA) shares spiked +9% on Tuesday after the auto giant stated it delivered 443,956 EV's during the second quarter which topped most analyst estimates.
Q2 auto sales proved to be a pretty good quarter, and JOLTS data for May was also higher than expected.
After a slow start to Tuesday's trading session, major U.S. equities indexes rallied in the afternoon.
Tesla CEO Elon Musk appears to be refocused on the company. Rivian received a major financial and reputational boost from a major global automaker.
Tesla's second-quarter car deliveries were fine. The amount of battery storage deployed in the second quarter was a wow.
Shares of Tesla Inc TSLA soared on Tuesday after the company beat consensus estimates for second-quarter deliveries.
In a prescient post last week (Could Tesla Be Bottoming?), The Market Ear noted things could get exciting for Tesla, Inc. TSLA shares in the short term if the stock broke through resistance:
Tesla Inc (NASDAQ:TSLA) staged a “huge comeback performance” by beating 2Q delivery estimates, Wedbush's Dan Ives said in a note following the release on Tuesday morning. The electric vehicle maker reported second-quarter deliveries of 444,000 vehicles, surpassing the Street's estimate of 438,000 and significantly exceeding whisper estimates of 420,000.
Wall Street loved the Tesla, Inc. TSLA Q2 deliveries report on Tuesday.
Tesla (NASDAQ: TSLA ) stock has been on quite the tear lately ahead of its crucial second quarter earnings report set for July 23. Early signs point to potentially strong results.