Tesla has regained its momentum! Due to sales exceeding expectations in the first quarter, Tesla's stock price soared 27% this week and easily offset the previous six months of decline, sweeping away the market's depressed sentiment. In terms of product structure, the operating income of 10-30 billion yuan products was 401/1288/60 million yuan respectively.

Tesla's car delivery volume in the second quarter compared with the same period last year decreased by nearly 5%, which was the second consecutive quarter of decline. However, this result exceeded Wall Street's expectations. With the delivery volume in the second quarter, Tesla also retained the top spot in global electric vehicle sales.

With the continuous catalysis of second-quarter delivery data, Tesla's stock price rose 2.1% to $251.52 on Friday, a 27% increase in a single week, and a soaring trend record for more than a year in the past eight trading days. This rise also enabled Tesla's stock price to return for the first time in 2024. The stock had hit a 52-week low in April.

This rise also enabled Tesla's stock price to return for the first time in 2024. The stock had hit a 52-week low in April.

"Tesla's worst times are behind us. We believe the electric vehicle demand story is returning to this disruptive technology giant," wrote Dan Ives, a technology analyst at Wedbush Securities, on Wednesday. He raised Tesla's target price from $275 to $300 and reiterated an "outperform the market" rating.

From the laughingstock to the paragon, Tesla delivered good results at a critical moment.

A few months ago, Tesla was the laughingstock of Wall Street.

As a result of frequent and substantial price cuts, weakening automobile gross margins, a cooling demand for electric vehicles, and the company's first year-on-year drop in deliveries since 2020 in the first quarter, coupled with increasingly fierce competition in critical markets, Tesla's stock price was hit hard. To reduce costs, Tesla also conducted a huge layoff operation.

At that time, citing Wells Fargo's words, Tesla was a non-growing growth stock.

Tesla once lagged behind all the other 499 stocks in the S&P 500 index, including scandal-plagued Boeing. Some began to question whether Tesla still had the qualifications to be one of the "seven giant stocks."

Ives described Tesla's first-quarter deliveries as a "nightmare" and a "complete disaster," but after the second-quarter deliveries exceeded Wall Street's expectations, Ives began to believe that Tesla had regained market confidence in its growth narrative.

This is a major counterattack by Tesla and Musk in the second quarter. Wall Street had expected a significant drop this quarter, but Tesla delivered strong sales figures at a key moment for investors.

After more than two months of consolidation around $180, the bulls now see further potential for Tesla's stock price to rise.

On the one hand, with significantly increased trading volume, Tesla's stock price successfully broke through the 200-day moving average. The current trend suggests that Tesla's stock may soon end its three-year downtrend.

Can the upward trend continue? The next month is crucial.

Although second-quarter deliveries were better than expected, Tesla still faces challenges.

Tesla is developing affordable electric car models to attract price-sensitive buyers and further betting on autonomous driving technology and humanoid robots.

The second-quarter earnings report released on July 23 may provide investors with an initial understanding of Tesla's progress in new products. In addition, the automobile gross margin may also become a focus of attention.

Musk also plans to host an event called Robotaxi Day on August 8, where he will launch robot taxis for the first time. According to Cantor Fitzgerald analyst, this event is expected to become a significant catalyst for Tesla's stock price.

Although we do not expect this business unit to be launched before 2027, we do expect it to become an important business sector for the company in the long term.

Cantor Fitzgerald predicts that Tesla's car deliveries this year will be lower than last year. The company has a target price of $230 for Tesla and a "buy" rating.

It is worth noting that although Tesla's stock price has rebounded significantly, its performance this year has lagged behind the large cap. Since the beginning of this year, the Nasdaq Composite Index has risen 24%, the S&P 500 Index has risen 17%, and Tesla has only risen 1.3% so far.

In addition, a recent Axios Harris poll found that Tesla's brand image is declining, in part due to Musk's 'ridiculous antics' and 'political comments'. A survey released by the media this week also stated that Musk's 'polarizing comments' and 'political activities' are driving away some 'left-leaning consumers'.