Tesla's stock price rebounded strongly to erase the decline for the whole year, and its market value surged by US$150 billion in three days

According to news from this site on July 9, Tesla’s stock price has experienced a strong rebound recently, sweeping away the decline this year.

Thanks to the good news of the second quarter financial report, Tesla’s stock price rose strongly, and its market value surged by US$150 billion in just three days, successfully erasing all losses this year.

Tesla stock price trend

This site noticed that in the past two months, Tesla’s stock price has mostly hovered around $180. However, as good news continues to come recently, investor confidence has greatly increased, and they are optimistic about the future trend of Tesla's stock price. Tesla's stock price is currently US$252.94. For example, Barchart noted last week that Tesla shares had broken out of a 2.5-year downtrend. In addition, Tesla will release its Robotaxi self-driving taxi next month, which may allow it to continue its strong growth in the second half of this year.

Tesla Delivery Forecast

Tesla is about to have a busy third and fourth quarter, CEO Elon Musk said on the first quarter 2024 earnings call that it expects This year's sales will exceed last year's. Tesla delivered a total of 830,776 vehicles in the first half of this year, compared with 1,808,581 for all of 2023. If Tesla wants to beat its 2023 delivery record, it will need to deliver more than 978,000 vehicles in the third and fourth quarters.

The above is the detailed content of Tesla's stock price rebounded strongly to erase the decline for the whole year, and its market value surged by US$150 billion in three days. For more information, please follow other related articles on the PHP Chinese website!