Tesla's EV price cuts were a 'smart poker move', given Elon Musk's carmaker has stunned with record deliveries, Wedbush analyst Dan Ives says
in the second quarter show its price cuts were a"smart poker move" that will ultimately silence company bears, Wedbush analyst Dan Ives said.
Elon Musk's company delivered 466,140 cars globally over the last three months, beating Wall Street estimates."This was a massive delivery beat and will send the Tesla bears back into hibernation mode. The price cuts was a smart poker move for Tesla and paying major dividends in the field, especially for the China market. This was a trophy case quarter for Musk & Co," Ives said in aAgainst that backdrop, Ives maintained a $300 price target for Tesla stock.
The cuts are clearly working, with deliveries up for the second quarter in a row. In the first three months of the year, Tesla's deliveries rose 36%. Ives' current optimism for Tesla stands in contrast to the analyst's hesitation earlier this year about the company's price cuts, when he highlighted that Tesla is weathering an
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tesla Deliveries to Show Whether Price Cuts Are Paying OffElectric-car maker Tesla is expected to release second-quarter global deliveries amid stiffening EV competition
Weiterlesen »
Tesla Sets Quarterly Delivery Record, Aided By Price CutsThe world’s best-selling electric vehicle brand topped analysts' expectations with 466,140 deliveries.
Weiterlesen »
Tesla Sets Quarterly Delivery Record, Aided By Price CutsThe world’s best-selling electric vehicle brand topped analysts' expectations with 466,140 deliveries.
Weiterlesen »
Tesla beats second-quarter delivery estimates as price cuts pay off By Reuters⚠️BREAKING: *TESLA REPORTS Q2 DELIVERIES OF 466,140; EST. 448,351 *TESLA MODEL 3/Y DELIVERIES 446,915; EST. 437,386 *TESLA MODEL S/X DELIVERIES 19,225; EST. 14,606 $TSLA
Weiterlesen »
Tesla beats second-quarter delivery estimates as price cuts pay offTesla Inc on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable.
Weiterlesen »
Tesla Sets Quarterly Delivery Record, Aided By Price CutsThe world’s best-selling electric vehicle brand topped analysts' expectations with 466,140 deliveries.
Weiterlesen »