IS THE TESLA SELLOFF FINALLY OVER?

EV Channels Review

This episode of Tesla Daily focuses on the recent rally in TSLA stock and its potential implications for the remainder of the year. The host analyzes historical stock performance, noting that the second half of the year has historically been stronger for Tesla, even when excluding outlier years. A key takeaway is that despite a poor start to the year, Tesla has a strong track record of recovery in the latter half. The review also covers a Credit Suisse note maintaining an outperform rating and a $1,125 price target, despite lowering delivery expectations due to Shanghai lockdowns. Production figures from Giga Shanghai show a promising ramp-up after adding a second shift. The discussion touches on a study suggesting Tesla drivers are significantly less likely to crash than when driving other vehicles, though EVs generally face higher acceleration risks. JD Power data indicates a modest increase in EV consideration among car shoppers, with a slight decline in interest within the premium segment. Finally, leadership changes at Rivian and Lucid are noted as challenges for new EV startups. Overall, the outlook for Tesla is presented as cautiously optimistic, with a strong Q3 anticipated.