Erasing the full-year decline! Good news keeps coming, Tesla rises for the eighth consecutive day
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Tesla rose for the eighth consecutive day, closing at $251.52, wiping out the year's decline. Tesla benefited from better-than-expected electric vehicle deliveries in the second quarter, accelerated growth in battery energy storage business, and optimistic sentiment towards its artificial intelligence business. Tesla's Model Y has been included in Jiangsu's new energy vehicle procurement catalog, prompting Wall Street analysts to raise their target price to $300 and give it a "buy" rating. Tesla will host Robotaxi Day on August 8th, where investors will focus on its design, pricing, and progress in autonomous driving
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