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Tesla stock turns positive for 2024 amid a breakneck $200 billion rally. ‘The worst is in the rear-view mirror' [Fortune]
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Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Shares of the electric-vehicle maker have surged more than 30% in their latest winning streak, adding more than $200 billion in market capitalization. Earlier this week, the rally was boosted further after the company reported deliveries for the second quarter that beat the average analyst estimate. While analysts were positive about those stronger-than-expected deliveries, they marked the auto maker's first consecutive quarterly decline for deliveries for more than a decade. The carmaker on Tuesday said it delivered 443,956 vehicles in the second quarter, exceeding the average of 439,302 that analysts on Wall Street had estimated, but falling compared with prior quarters. “The worst is in the rear-view mirror for Tesla,” Wedbush Securities Inc. analyst Daniel Ives wrote in a Friday note. “Very importantly, it appears China saw a ‘mini rebound' in the June quarter.” A Chinese government statement said a number of state-owned companies in Shanghai have bought Tesla's Model Y for
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