TSLA Q2'24 Deliveries - To the moon?!
Hey everyone! Did you see what just happened with Tesla’s stock? It jumped 10.2% after the company released its Q2 production and delivery numbers!
Key Highlights:
- Q2 Deliveries: 443,956 vehicles, beating Wall Street’s estimate of 438,000.
- Q2 Production: 410,831 vehicles.
- Tesla Energy deployed 9.4 GWh of energy storage products, a 157% growth y-o-y
Tesla's deliveries rose 14.8% from the first quarter, showing a strong comeback despite a 4.8% decline from last year. This bounce-back has analysts revising their price targets, with some (like Dan Ives) now eyeing the $300 range!
While everyone’s focused on cars, Tesla Energy is making some significant achievements as well! Their Q2 storage deployment hit a record 9.4 GWh, up 132% q-o-q and 157% y-oy. This could be a game-changer in the clean energy space, especially with the rising demand for sustainable energy solutions as AI grows rapidly.
Among other discounts and incentives, Tesla is also offering attractive deals like zero-interest loans in China to boost sales, at which they have been in a slump - 24% y-o-y drop in sales due to stiff competitions.
Tesla’s current strategy includes pushing new technologies like FSD (Full Self-Driving) and Optimus (their robot). Elon believes these innovations will crush the short-sellers once they are fully operational.
What do you think? Is Tesla back in the game now? Are you now ever-bullish, or think this is an overreaction?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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102590478 : And next quarter- 50% recall and price crash 50%
Ziet Invests OP 102590478 :