Reported 12 months ago
Tesla stock reached around $275 billion as analysts updated ratings and price targets following strong second-quarter sales. The surge in Tesla’s shares, over 68% since April lows, is attributed to CEO Elon Musk's focus on self-driving, AI ambitions, and investor approval of his $56 billion pay deal. Musk plans to unveil a robotaxi prototype on August 8, signaling Tesla's shift from traditional carmaking to a broader model of autonomy, energy storage, and robotics. Despite concerns about EV demand and profit margins, Tesla exceeded expectations by delivering 444,000 vehicles in the second quarter, leading analysts to adjust price targets and foresee growth potential in AI, energy storage, and Full-Self-Driving technologies.
Source: YAHOO