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According to experts who talked toYahoo Finance, the market is valuing the growth potential for Tesla.
It comes after some rough times for the company.
Above Expectations
Why the positive moves?
According toTesla, it produced more than 400,000 vehicles and delivered about 4440,000 vehicles in the second quarter.
Investors see Tesla poised for growth.
Its fourth-quarter earnings werent great.
Investors also have been concerned about competition abroad from Chinese EV makers.
Thats led to a price war thats forced Tesla to cut prices.
Tesla is set to report its next quarterly results on that date.
Then, in early August, Tesla is expected to unveil the much-anticipated robotaxi.
This is seen as yet another growth opportunity for the company.
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