Reported 12 months ago
Shares of Tesla rose by 5.5% before the company's expected announcement of its second-quarter electric vehicle (EV) delivery data. The boost in stock price came after several Chinese EV makers reported strong June and second-quarter deliveries, indicating a potential positive outcome for Tesla. Despite analysts' lowered estimates for Tesla's sales, the recovery in China's EV market suggests that Tesla may surpass expectations, although shareholders are advised to monitor profit margins closely.
Source: YAHOO