On Tuesday, Stifel, a financial services company, maintained its Buy rating on shares of Tesla (NASDAQ:) with a steadfast price target of $265.00. The firm’s reassurance comes in the wake of Tesla’s second-quarter delivery figures, which surpassed both the consensus estimate and Stifel’s own predictions.
Tesla reported deliveries of 443,956 vehicles, topping the anticipated consensus of approximately 438,000 and Stifel’s forecast of 432,859.
The performance is particularly noteworthy considering the skepticism prior to the delivery report and the significant short interest in the stock. Tesla’s achievement in the second quarter is seen as a strong indicator of the company’s momentum and is expected to have a favorable impact on its share value.
In addition to Tesla’s success, Rivian (NASDAQ:), another electric vehicle manufacturer, also exceeded delivery and production expectations…
