Tesla charges ahead in Q2: Did you share the ride?
Hey mooers!
$Tesla (TSLA.US)$'s latest Q2 delivery data, released on Tuesday, exceeded expectations and delighted investors, pushing the stock up over 10% to $231.26.
Key highlights
Tesla reported 444k Q2 deliveries, surpassing the expected 439k, thanks to incentives like low-rate financing and the Model 3 Long Range regaining IRA tax credit eligibility in the U.S.
Tesla's energy storage distribution hit a record 9.4 GWh in Q2, with a total of 13.5 GWh in the first half of the year, nearing last year's total of 14.724 GWh.
Analyst insights
Morgan Stanley analysts consider this Tesla's first positive auto surprise of the year. Analyst Adam Jonas predicts
Tesla Energy's 2024 revenue will surpass $7 billion, with profit margins potentially exceeding those of Tesla’s automotive business by 2025.
Mooers' P/L
Some mooers definitely got mood up because of this wave, as you can see they profited from this surge:
How about you? Come and share your P/L of $Tesla (TSLA.US)$ We will award you 30 points if you share and @us!
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Mooers, did you see it coming that Tesla will exceed extimates in Q2 in terms of performance? Did you predict correctly that its deliveries will surpass market expectations?
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Share your mood
And for all the mooers, what's your mood regarding this surge of Tesla?
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Meme_Short_Queen : Tesla is just nothing but a fad. Chinese EV firms will crush it, let's see!
WanEH : I feel Tesla share price can perform better as Tesla has expand the business into AI related field. robot with AI technology