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Tesla shares wipe out loss for the year with 27% rally this week - TL;DR CNBC

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

Publishing timestamp: 2024-07-05 20:26:02


Summary

Tesla's stock has rallied sharply, wiping out its loss for 2023 after reporting better-than-expected second-quarter vehicle deliveries. Despite recent troubles, including sales declines and delays in self-driving software, analysts are optimistic about the upcoming earnings report and the potential for Tesla's Robotaxi business segment. However, the company is still lagging behind the broader market for the year, and surveys suggest brand deterioration due to Elon Musk's behavior and political activity.


Sentiment: MIXED

Tickers: TSLA

Keywords: autostesla incbreaking newsbusiness newselectric vehiclestechnology

Source: https://www.cnbc.com/2024/07/05/tesla-shares-wipe-out-loss-for-the-year-with-27percent-rally-this-week.html


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