Tesla rises ahead of Q2 deliveries report
At $209.38, Tesla could add $36.68 billion to its market value if the price holds, which would mark the fifth straight session of stock gains. A slump in demand for electric vehicles and competition from Chinese rivals such as BYD has pressured Tesla to slash prices on some of its models and bet its prospects on autonomous driving technologies and the robotaxis. On Monday, Wells Fargo added Tesla to its “Tactical Ideas” list, a quarterly compilation of stocks the brokerage thinks may have meaningful upside in the near term, however it kept an “underweight” rating.
Reuters•