TSLA•Tesla shares climbed overnight after the automaker reported a surge in EV deliveries. An analyst predicts a stock rebound this week but warns that current valuation makes shares fully priced.
Tesla shares rose in after-hours trade following stronger-than-expected delivery figures, reflecting renewed investor interest in the stock’s near-term momentum.
The company reported an uptick in electric vehicle shipments, marking a significant acceleration in deliveries that underpinned the overnight share gains.
Despite the bullish delivery data, the analyst projects only a short-lived rebound this week and cautions that Tesla’s current valuation levels suggest the stock is fully priced.
