Tesla's stock price has risen by 38% in the past 8 days, and there have been many positive news developments on the fundamental side. Firstly, the vehicle delivery numbers for Tesla in the second quarter, announced on Tuesday, far exceeded those of the first quarter and surpassed the most pessimistic financial estimates by a large margin.
Furthermore, on July 5th, several state-owned companies in the Shanghai Lingang New Area announced the purchase of Model Y autos for their corporate use.
Looking ahead, Tesla is scheduled to announce its second-quarter earnings after the market closes on July 23rd. In this case, the company's vehicle gross profit margin may become a significant focus. In addition to the upcoming earnings report, it is anticipated that Tesla's major event next month, the 'Robo-taxi Day,' could also drive up the stock price.
If you are considering buying now, it is advisable to wait for a pullback.