Tesla stock pops 6%, extends rally as 'Mojo back for Musk' after latest delivery data

Tesla stock pops 6%, extends rally as 'Mojo back for Musk' after latest delivery data
https://finance.yahoo.com/news/tesla-stock-pops-6-extends-rally-as-mojo-back-for-musk-after-latest-delivery-data-152149232.html

Summary

Certainly! Here are the key takeaways from the article about Tesla's recent performance:

• Strong Vehicle Delivery Results: Tesla produced approximately 411,000 vehicles and delivered nearly 444,000 cars in Q2, beating expectations[^1^][1].
• Positive Analyst Sentiment: Analysts view this as a "major turning point" for Tesla, with bullish sentiment. The stock is considered undervalued, and the upcoming robotaxi event is anticipated to pave the way for full self-driving capabilities.
• Energy Storage Business: Tesla's energy storage business posted its highest quarterly deployment, outperforming the EV segment and achieving a record profit margin[^2^][2].
• Challenges and Cost Reduction: Despite competition and waning demand, Tesla aims to reduce costs by cutting global staff.

Overall, Tesla's performance has been robust, with positive signs for the electric vehicle industry.