#tesla #growth #yahoofinance
Tesla's (TSLA) stock continues its upward trajectory following the release of second quarter delivery numbers that exceeded expectations. Morningstar equities strategist Seth Goldstein joins Morning Brief to dissect the factors driving this rally. Goldstein characterizes Tesla as "a very high growth stock," noting that the market's positive reaction stems from the contrast between disappointing first quarter delivery numbers and the recent above consensus second quarter results. He emphasizes that the AI narrative surrounding Tesla is also boosting market sentiment, stating, "All of a sudden the market is valuing the growth potential for Tesla." Regarding sustained growth, Goldstein outlines key factors to watch: "I think we're going to need to see a solid, concrete timeline and that the timeline has not been pushed back for the new, more affordable model. Last quarter, they said it was going to be by the end of 2025, so we need to see that being met or pushed up earlier so that the street can assume that Tesla will see a second wave of delivery growth starting in 2026. As long as that narrative remains intact, I think the stock will be okay." Read more about Tesla's rally here: Tesla looks to extend win streak to 9th day Tesla stock rally continues as robotaxi reveal date nears Tesla stock rises again, extending monster 40% rally over the last month For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
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