TSLA Jul 2024 157.500 put
- Yahoo Finance
Tesla stock pops 6%, extends rally as 'Mojo back for Musk' after latest delivery data
A surprisingly strong second quarter deliveries figure was boosting Tesla stock for a second day on Wednesday as shares continue their rally over the last month.
- Yahoo Finance Video
Without 'new product,' Tesla competitors will take market share
Shares of Tesla (TSLA) are rising after reporting better-than-expected EV sales for its second quarter and receiving several price target increases from Wall Street analysts. Stephanie Valdez Streaty, Cox Automotive director of industry insights, joins Catalysts to give insight into what can drive the growth of EV sales. Valdez Streaty points one hill that the EV market must climb to increase sales: "As you can imagine, affordability is always the top barrier. If you think about more options for consumers, if we can have more affordable EVs, that's going to be a game changer. Right now, the average transaction price for an EV is close to 50,000, 54,000, and so that's price premium over an internal combustion engine. And so I think if we can start to get more of these affordable EVs, that's really going to help. One of the things I wanted to mention for providing more affordable is used EVs as we start to see more of those enter the marketplace." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Ford, Tesla report EV sales boost: Could EV demand rebound?
Ford (F) reported a 61% year-over-year increase in its second quarter electric vehicle sales, following EV giant Tesla's (TSLA) report of a higher-than-expected increase in second quarter vehicle deliveries. In response, Wedbush analyst Dan Ives raised his price target on Telsa to $300 per share. Morning Brief Anchors Brad Smith and Madison Mills break down the latest developments for Tesla and Ford and what they mean for the stocks moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
