Tesla's Stock Surges After Beating Q2 Delivery Expectations

Electric vehicle maker's shares rally as deliveries exceed forecasts, reversing earlier losses in 2024.

Tesla delivered 443,956 vehicles in Q2 2024, surpassing analyst estimates of 439,000.
The stock has risen over 25% this week, marking its longest winning streak since last summer.
Analysts have raised their price targets, citing renewed optimism in Tesla's performance.
CEO Elon Musk emphasized the company's focus on AI and robotics, with plans for a Robotaxi reveal in August.
Despite the rally, Tesla faces challenges including high interest rates, increased competition, and declining margins.