Why Tesla Shares Jumped Again Today
(NASDAQ: TSLA) shares have been marching higher in 2023, more than doubling in the first half of the year. That momentum continued today after the company beat expectations for second-quarter vehicle production and deliveries. That helped Tesla stock jump another 6.9% to close this holiday-shortened trading day.
Tesla reported record second-quarter deliveries of more than 466,000 EVs from production of almost 480,000 units. That brings Tesla's 2023 production level to more than 920,500 vehicles and puts it on track for its projected 50% growth annual rate, which would result in about 1.8 million cars for the year.
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€207.25
2.420%
Our community is currently high on Tesla Inc with 73 Buy predictions and 28 Sell predictions.
With a target price of 245 € there is a slightly positive potential of 18.21% for Tesla Inc compared to the current price of 207.25 €.
