Shares of Tesla ( TSLA ) continue their upward trajectory, supported by the company’s second-quarter delivery performance that exceeded analysts’ expectations. Tesla shares are up roughly 20% in just five trading days. The rally comes as anticipation builds for Tesla’s upcoming robotaxis event, scheduled for August 8.
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This post was written by Angel Smith
Video Transcript
Shares of Tesla on the Green this morning continue their comeback after second-quarter deliveries beat analysts’ estimates earlier this week, shares are up over 20% for the past five days.
And it’s only on earth Tesla guys, you’ll see a company showing declining shipments.
This is a nested set of results.
I think a lot of people are now afraid to say this name briefly at that August 8th Robo Taxi event.
Well, the stock is also down 40% year-to-date from mid-April lows.
So if you’ve been short, if you’ve been short this year, um I think there’s probably a, you know, hey, we don’t need to make our bets at this point.
And as I’ve seen this, you know, collect because an S for one has written three days in a row now, a Tesla story for us and the story is just like, the stock continues to rise because you know what’s worth doing with know, hey, the stock is still going up and I’m wondering if there isn’t a picture like what happened with Xa I, they raised a bunch of money.
There is some bullishness about Elon’s overall streak, unless this is part meme, part Tesla stock as the purest play for Elon Musk.
If things in general for Elon Musk’s business interests are looking up Tesla is the place where you can most easily express that as an investor or as an individual investor who, you know, doesn’t have access to such things.
Well, let’s also remind people, I mean, he’s disappointed in some of these events, the energy that they had an energy conservation event.
He let people down.
I think the stock took a hit too.
So there’s no guarantee that come August 8, Elon will come up with his mind blowing Uber rival that will immediately take market share in less than a year, right?
If, if the story is good, he won’t, he won’t.
What goals that cyber truck has fulfilled, even when it came up short in delivering on what was promised going into law I saw my first cyber truck yesterday.
I actually saw it, I saw it but I actually touched it.
I touched it, I touched it on the side.
It was pretty cool.
It was a good moment.
The text.
Its big.
It’s just quiet.
It’s unusual.
It’s too big, it’s too big, it’s too big.
You can’t go anywhere on the road.
They are very big.
But you know, the stock is now heading back to rest for the year as well.
So you know, look, we can, we, you can hack the time frame with Tesla at any point in time and find a good story or a bad story.
Well, the Robo Taxi was supposed to come out in 2020.
I mean, this is, actually, this whole fleet was supposed to be something that happened four years ago.
Now you can give them some grace, I guess because of the pandemic.
But then at what point you say?
Ok, you guys promised us this until 2020, what are we going to give you, a year, two year grace period?
I just feel like you can’t, if you’re, if you’re into this thing, you can’t just sit there and be like Elon is letting me down again.
It’s like that, that story has matured so well.
You’re just making a long-term bet on Elon’s vision and results, meeting these specific timelines that are kind of hard to talk about.
I mean, I just don’t think that can be part of it.
You must have made peace with that by now because it’s 2024.
He’s been at it with this company now for 1516 years at that with all of his investors.
There are people on the Internet.
Yes, exactly.
Yes.
Part of the internet he also owns.