Tesla Stock Soared 10%. This Number Helped

Solid car deliveries certainly played their part in Tesla's Tuesday gain. Tesla's bonus tidbit about its energy storage business deserves some credit too.

Barron's20:42 ET

Can optimistic quarterly sales rewrite the difficult path for electric cars in USA? Analyst: Difficult!

According to the Zhitong Finance APP, after high interest rates caused demand to slow significantly, electric car sales in the United States in the second quarter were better than expected, which relieved investors. However, the road ahead for electric car manufacturers is still bumpy. General Motors (GM.US), Rivian (RIVN.US) and Toyota Motor (TM.US) announced optimistic electric car delivery data on Tuesday, and Tesla's (TSLA.US) decline in sales was better than expected, prompting investors to enter the market and push up some company's stock prices. Due to high borrowing costs, economic uncertainty, and consumers' preference for hybrid vehicles powered by both gasoline and electricity, electric

Zhitong Finance46minutes ago

Cathie Wood's Ark Invest Sells Tesla Shares Worth $14.5M Amid Rally Driven By Q2 Delivery Numbers, Picks Up Palantir Shares Again Today

On Tuesday, Cathie Wood-led Ark Invest made significant adjustments to its portfolio, offloading a substantial number of shares in Tesla Inc (NASDAQ:TSLA) and scooping up a hefty stake in Palantir Tec

Benzinga56minutes ago

Tesla Attracts $190 Million in Short Call Positions Even as Stock Soars After Deliveries Beat

Tesla attracted almost $190 million in short call positions at a time when the stock is soaring to its highest level since January. Shares of the electric vehicle maker jumped 9% to $228.83 Tuesday after Tesla reported second quarter deliveries that beat analysts' estimates.

Luzi Ann Santos15:31 ET

Hong Kong stocks surge | Electric vehicle stocks rise across the board, June electric vehicle sales performance exceeds expectations and Tesla rises 10% overnight.

Electric vehicle stocks rose across the board in early trading. As of press time, BAIC Motor (01958) rose by 6.4% to HKD 2.16; Li Auto Inc (02015) rose by 3.93% to HKD 76.7; Brilliance Chi (01114) rose by 3.67% to HKD 4.24.

Zhitong Finance22:07 ET

Tesla Stock Climbs as Q2 Vehicle Deliveries Beat Expectations for First Time in Year

Yahoo Finance21:53 ET