After rising more than 6% in the previous trading day, Tesla continued to rise more than 10% on Tuesday, with its market value increasing by US$68.2 billion (RMB 496.2 billion) to US$231.26, with a total market value of US$737.5 billion, the sixth consecutive trading day rise.

On the news front, on July 2, Tesla released delivery data showing that the company delivered a total of 444,000 new vehicles in Q2, a year-on-year decrease of 4.8%. It has experienced a year-on-year decline for two consecutive quarters, but it was better than the market expectation of 439,300 vehicles. Q2 The total output is approximately 411,000 vehicles. (Click for details)

Tesla also reported that energy deployment reached 9.4 gigawatt hours (GWh) in the quarter), compared with the first quarter of 2024, the month-on-month increase was 132%, setting a record for the highest quarter. The deployment volume in just two quarters almost exceeded the deployment volume for the whole of last year.

Some analysts believe that the sharp rise in Tesla's share price may be related to the new car purchase financial policy launched in China. On July 1, Tesla China announced that it would provide consumers with triple car purchase benefits in July. First of all, for the Model 3 and Model Y standard battery life versions, we will introduce a maximum of 5 years of zero interest and low interest policies, with a minimum daily supply of only 85 yuan

In addition, Tesla will grandly release self-driving taxi technology on August 8.

Musk posted on X:"Once Tesla completely solves the autonomous driving problem and the robot Optimus starts mass production, anyone who still holds short positions will be eliminated, even Gates."

In terms of large banks, investment banks Stifel and Wedbush both voiced their optimism about Tesla, and Wells Fargo included Tesla in its strategic investment list.

Market analysts at Wedbush expressed confidence that the difficult times for CEO Elon Musk and Tesla were over. "These results from Tesla and Musk have shown a significant recovery, particularly as market analysts predict a shortage this quarter due to inconsistent global demand for electric vehicles," the company said.

Wedbush pointed out that the slight increase in sales and stable prices in the Chinese market this quarter helped Tesla overcome challenges and achieve a quarter in which car deliveries increased significantly.

Wedbush analysts said that Robotaxi in AugustThe release of Tesla's may represent a major turning point for Tesla's share price.

Wedbush added: "We believe the narrative surrounding the demand for electric vehicles is beginning to regain momentum for Tesla, a company known for its disruptive technologies, especially with Robotaxi Day on August 8." "We view the positive results in the second quarter as a precursor to a more important event, Robotaxi Day on August 8. It is expected that this event will reveal the further development of Tesla's self-driving car capabilities for a very interesting market."

The investment company reiterated its positive rating on Tesla shares and maintained its price target of $275.