Tesla stock surges 10% after strong Q2 deliveries, plans for new EV models and robotaxis.

From Nasdaq.: 2024-07-03 11:57:00

Tesla Inc. TSLA stock surges over 10% on Jun 2 after reporting strong vehicle delivery numbers for Q2, easing concerns about excess inventory. Investors are advised to consider ETFs with exposure to Tesla, such as TSLL, PP, XLY, VCAR, and ARKK. Tesla delivered 443,956 vehicles globally in Q2, slightly beating analyst expectations. The company is also planning to accelerate the launch of new, affordable EV models, with production potentially starting earlier than anticipated. Tesla reduced prices and delivered over 830,000 vehicles worldwide in the first half of the year, outperforming competitors like BYD. The automaker is also focusing on driverless technology and plans to introduce “robotaxis” soon. ETFs like TSLL, PP, XLY, VCAR, and ARKK offer investors an opportunity to benefit from Tesla’s growth. Each ETF has its own methodology and costs, catering to different risk preferences and investment goals. Interested investors can choose the one that aligns best with their investment objectives.



Read more at Nasdaq.: Tap Tesla’s Better-Than-Expected Q2 Deliveries With These ETFs