Tesla stock wins 11 in a row!

Stock prices were on an upward trend a few days before production and car deliveries for the second quarter were announced, exceeding analysts' expectations. Due to the recent rise, Tesla stock has begun to rise again since the beginning of this year.

Despite intensifying competition in the electric vehicle market, according to analysts, Tesla maintains an advantageous position in the industry since it provides a diverse range of products from existing customer base and vehicles to software and charging technology, and plans to launch low-cost models next year.

Goldman Sachs analysts wrote on the 22nd that the lower price model could have a positive impact on Tesla's market share. The analyst showed data showing that about half of all cars were purchased for less than $0.03 million, and said that the lower cost model could give Tesla an advantage over Chinese rivals that offer cheaper electric cars.

Goldman Sachs analysts cite autopilot software evolved by Tesla and robot taxis scheduled to be sold next month as future growth fields, but they say that it will still take time for autonomous driving taxis to become popular and for conventional Tesla cars to become fully autonomous.

Tesla plans to report financial results after the transaction ends on 7/23, and details of the robot taxi debut event scheduled for 8/8 will be announced at that time.

Tesla shares rose 0.4 percent on Wednesday to close at $263.26. The stock price has risen 44% in the past 11 days.