Tesla Extends Four-Day Rally Ahead of Q2 Delivery Report; Wedbush’s Dan Ives to Exit
TSLA•Tesla shares have climbed four days running ahead of Thursday’s Q2 delivery update, with analysts forecasting year-on-year growth and Gary Black attributing stronger deliveries to rising oil prices. Prominent Wedbush tech analyst Dan Ives, a key Tesla bull, is leaving the firm, potentially altering future coverage.
1. Four-Day Stock Rally Ahead of Delivery Report
Tesla shares have risen for the fourth consecutive session as investors position ahead of the company’s Q2 delivery report due Thursday. Growing oil prices have bolstered expectations, with some analysts now forecasting year-on-year delivery growth driven by demand resiliency.
2. Analyst Gary Black’s Delivery Insights
Veteran tech strategist Gary Black downplayed autonomous driving hype as the catalyst for Tesla’s recent rally, instead citing elevated oil prices as the primary driver behind increased Q2 delivery expectations. His comments underscore the market’s sensitivity to energy costs rather than full self-driving progress.
3. Dan Ives’s Departure from Wedbush
Dan Ives, one of the most prominent Tesla bulls and lead tech analyst at Wedbush, is exiting the firm. His departure may reshape future analyst coverage and investor sentiment toward Tesla within one of its most vocal brokerage backers.
