Tesla jumps 9% as it tracks towards its 2024 high

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Tesla jumps 9% as it tracks towards its 2024 high

seekingalpha07-02

Tesla (NASDAQ:TSLA) is being sized up by analysts and investors are reporting 443,956 deliveries for Q2 to beat the consensus estimate for a tally of 439,302 vehicles. Notably, most of Tesla's (TSLA) ...

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Notably, most of Tesla's (TSLA) ...</p>\n\n<a href=\"https://seekingalpha.com/news/4121747-tesla-jumps-9-as-it-tracks-towards-its-2024-high\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla jumps 9% as it tracks towards its 2024 high</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla jumps 9% as it tracks towards its 2024 high\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-02 23:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4121747-tesla-jumps-9-as-it-tracks-towards-its-2024-high><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla (NASDAQ:TSLA) is being sized up by analysts and investors are reporting 443,956 deliveries for Q2 to beat the consensus estimate for a tally of 439,302 vehicles. Notably, most of Tesla's (TSLA) ...</p>\n\n<a href=\"https://seekingalpha.com/news/4121747-tesla-jumps-9-as-it-tracks-towards-its-2024-high\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0719512351.SGD","symbol_name":"JPMorgan Funds - US Technology A (acc) SGD","start_time":0,"source_url":"https://seekingalpha.com/news/4121747-tesla-jumps-9-as-it-tracks-towards-its-2024-high","article_id":"2448166353","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1227575736/image_1227575736.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2448166353","pubTimestamp":1719932490,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Tesla (NASDAQ:TSLA) is being sized up by analysts and investors are reporting 443,956 deliveries for Q2 to beat the consensus estimate for a tally of 439,302 vehicles. 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Notably, most of Tesla's (TSLA) sales came from the smaller and cheaper Models 3 and Y lines, with the company selling only 21,551 of its more expensive models that include X and S, as well as the new Cybertruck. For the first half of the year, Tesla (TSLA) sold more than 910,000 vehicles globally, which was higher than the tally for Chinese electric vehicle maker BYD Company. On Wall Street, Wedbush Securities analyst Dan Ives said Q2 was a huge comeback performance from Tesla (TSLA) and CEO Elon Musk, with the Street expecting a clear miss this quarter amid choppy EV demand. Ives reiterated that Wedbush believes that Tesla (TSLA) is more of an AI and robotics play than a traditional car company. Meanwhile, CFRA analyst Garrett Nelson noted that the electric vehicle stock continues to ride a wave of positive momentum following its annual meeting in June, at which shareholders re-approved Musk's 2018 compensation plan. \"At the meeting, we think Musk successfully shifted investor focus to long-term opportunities in AI, robotics, energy storage, and other business lines, diverting attention away from near-term challenges,\" advised Nelson. \"All eyes remain on its upcoming Robotaxi Day on August 8, which is likely to be much more important than either today's report or its July 23 earnings release, in our view,\" he added. In the bear camp, Guggenheim said it is sticking with a Sell rating on Tesla (TSLA). The firm warned that electric vehicle stocks have been highly correlated with the so-called meme-stocks on days when there is actionable news related to Roaring Kitty in the market. The expectation is that meme type investing will fade into a more rationale, value-focused investor mindset. On Seeking Alpha, analyst DT Invest reminded on Tuesday that TSLA's global market share is diminishing notably, and even price discounts are not helping. Shares of Tesla (TSLA) were up 8.69% at 10:55 a.m. and reached as high as $231.15 earlier in the session. The EV stock is up more than 25% over the last six weeks as some momentum has built up for the Robotaxi event. TSLA has not broken the $250 level since December 28.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}