Tesla shares wipe out loss for the year with 27% rally this week

Posted: Jul 05, 2024

- Tesla's stock price rallied 27% this week, erasing losses for the year - Tesla reported better-than-expected second-quarter vehicle deliveries - Cantor Fitzgerald analysts expect Tesla to deliver fewer cars this year - Tesla is still lagging behind the broader market, up only 1.2% for the year - Elon Musk's "antics" and "political rants" are contributing to brand deterioration - Tesla is still delayed in delivering software for self-driving cars - Tesla's Robotaxi Day event is expected to be a stock catalyst in August



🚨 Reddit sentiment: mixed - Comments are a mix of regret, confusion, and skepticism about Tesla's stock rally, with some comments displaying optimism and others showing bearish sentiments. Summarized comments: - Imagine if you had bought calls last Friday. - Users regret selling their shares too early. - Comments about WSB getting predictions wrong again. - Confusion about why Tesla shares rallied despite declining deliveries. - Belief that Tesla investors are less rational than AMC investors. - Remarks about Tesla's significant price bounce. - Comments on specific subreddit groups becoming less active. - Suggestion that inversing Reddit's sentiment could lead to success. - Regret over selling shares on April 1 and advice to try other activities. - Speculation about Tesla stock rising despite poor outlook and earnings. Stock tickers discussed: $TSLA



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