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Tesla Poised for Recovery: Wedbush Bullish on Deliveries and Robotaxi Day
Jul 2, 2024 7:07 AM - Parth Sanghvi
Image credit: Carter Baran
Tesla (TSLA) is grabbing headlines again, with Wedbush Securities analysts painting a picture of potential recovery. This comes as anticipation builds for the company's second-quarter delivery numbers and the much-awaited Robotaxi Day on August 8th.
Wedbush Sees Signs of Improvement
Wedbush, known for their optimistic stance on Tesla, believes the company is on the upswing. They point to a "mini rebound" in deliveries for China during Q2, suggesting a potential turnaround for a key growth market. Additionally, they note signs of price stabilization after recent adjustments.
Focus on Second-Quarter Deliveries
All eyes are now on Tesla's upcoming second-quarter delivery figures, expected to be announced soon. Wall Street's estimates hover around 435,000 units, with some whispers suggesting a slightly lower range. A solid delivery report could be a significant catalyst for Tesla's stock price.
Robotaxi Day: A Potential Game Changer
Wedbush highlights the upcoming Robotaxi Day on August 8th as another crucial event for Tesla. The unveiling of a potential robotaxi prototype is seen as a major step forward for the company's autonomous vehicle ambitions. A successful Robotaxi Day could propel Tesla's stock price towards a $1 trillion valuation, according to Wedbush.
Unlock Deeper Tesla Insights with the FMP Daily Chart API
For a deeper understanding of Tesla's historical performance and future potential, consider the FMP Daily Chart API. This powerful tool grants you access to over five years of daily data for Tesla, including:
- Opening, high, low, and closing prices
- Trading volume data
- Historical splits and dividends
Empower Your Tesla Analysis
By leveraging the FMP Daily Chart API, you can:
- Analyze long-term trends and identify potential buying opportunities
- Compare Tesla's performance to industry peers
- Gain a comprehensive view of Tesla's historical price behavior
Take Control of Your Investment Decisions
Don't settle for surface-level analysis. Make informed investment decisions about Tesla by incorporating historical data into your strategy.
Call to Action (CTA):
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Disclaimer: I am not a financial advisor and this is not financial advice. Please consult with a qualified financial professional before making any investment decisions.
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