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Benzinga
Benzinga
Business
Badar Shaikh

Dan Ives Hails Tesla's Better Than Expected Q2 Deliveries, Says 'Fireworks Come Early' For Elon Musk-Led EV Giant

Dan Ives Elon Musk United States Nasdaq Tesla Inc.
Tesla

Wedbush Securities' analyst and Tesla Inc. (NASDAQ:TSLA) bull Dan Ives hailed the company, saying that the “fireworks come early” for Tesla following Q2 deliveries, which fared better than some analysts' expectations despite a decline in sales.

What Happened: The analyst hailed Tesla's 384,122 deliveries, which Ives said beat "Street whisper numbers of ~365k vehicles," in a note released on Wednesday. The investor reiterated a $500 Price Target for TSLA, which is a 58% upside on the stock and maintained an ‘Outperform' rating.

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