Diamonds and Dogs

7/2/24

Tesla (TSLA) is the big winner for a second day, up 8% after announcing better deliveries than expected while also reducing inventory. Tesla probably delivered about 10,000 more Cybertrucks in the second quarter than it did in the first quarter. Equally impressive news, Tesla deployed 9.4 gigawatt hours of battery storage in the quarter, its best quarter ever. CFRA analyst Garrett Nelson upgraded the stock with a12-month price target of $250. Wedbush analyst Dan Ives has a price target of $275 a share. Tesla's stock is still down for the year.

Nvidia (NVDA) is down a percent for the second straight day to start the third quarter. The company is still worth over $3 trillion, but the stock is down 10% in the last two weeks.

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