{"id":13793,"date":"2024-07-04T13:07:29","date_gmt":"2024-07-04T13:07:29","guid":{"rendered":"https:\/\/www.vtmarkets.net\/?p=13793"},"modified":"2025-03-06T06:58:18","modified_gmt":"2025-03-06T06:58:18","slug":"forex-market-analysis-tesla-surpasses-q2-delivery-estimates","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/analysis\/13793\/","title":{"rendered":"Forex Market Analysis: Tesla Surpasses Q2 Delivery Estimates"},"content":{"rendered":"\n<h1 class=\"wp-block-heading has-medium-font-size\">CURRENCIES<\/h1>\n\n\n\n<p><strong>GBP\/USD retail trader data:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Net-long position: 43.40%<\/li>\n\n\n\n<li>Short-to-long ratio: 1.30 to 1<\/li>\n\n\n\n<li>Net-long traders:\n<ul class=\"wp-block-list\">\n<li>Decreased by 18.07% since yesterday<\/li>\n\n\n\n<li>Decreased by 0.62% from last week<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Net-short traders:\n<ul class=\"wp-block-list\">\n<li>Increased by 23.53% since yesterday<\/li>\n\n\n\n<li>Decreased by 2.02% from last week<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Contrarian stance to crowd sentiment:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Current net-short position suggests potential continued rise in GBP\/USD prices.<\/li>\n\n\n\n<li>Positioning is more net-short than yesterday but less net-short compared to last week.<\/li>\n\n\n\n<li>Mixed GBP\/USD trading outlook based on current sentiment and recent shifts.<\/li>\n<\/ul>\n\n\n\n<p><strong>EUR\/GBP retail trader data:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Net-long position: 62.78%<\/li>\n\n\n\n<li>Long-to-short ratio: 1.69 to 1<\/li>\n\n\n\n<li>Net-long traders:\n<ul class=\"wp-block-list\">\n<li>Increased by 3.38% since yesterday<\/li>\n\n\n\n<li>Decreased by 21.19% from last week<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Net-short traders:\n<ul class=\"wp-block-list\">\n<li>Declined by 5.22% since yesterday<\/li>\n\n\n\n<li>Risen by 26.88% from last week<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Contrarian stance to crowd sentiment:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Current net-long position suggests potential continued decline in EUR\/GBP prices.<\/li>\n\n\n\n<li>Positioning is more net-long than yesterday but less net-long compared to last week.<\/li>\n\n\n\n<li>Mixed EUR\/GBP trading outlook based on current sentiment and recent shifts.<\/li>\n<\/ul>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\">STOCK MARKET<\/h1>\n\n\n\n<p><strong>Tesla&#8217;s latest announcement:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Production: approximately 411,000 vehicles in Q2.<\/li>\n\n\n\n<li>Deliveries: nearly 444,000 cars in Q2, surpassing consensus estimates.<\/li>\n\n\n\n<li>Despite a year-over-year drop in deliveries, analysts remain bullish.<\/li>\n<\/ul>\n\n\n\n<p><strong>Analyst reactions<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Citi analysts:\n<ul class=\"wp-block-list\">\n<li>See potential for improving sentiment in Tesla shares and the broader EV market.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Dan Ives (Wedbush Securities):\n<ul class=\"wp-block-list\">\n<li>Describes the delivery results as a &#8220;major turning point&#8221; for Tesla.<\/li>\n\n\n\n<li>Believes Tesla is the most undervalued AI play in the market.<\/li>\n\n\n\n<li>Raised price target to $300 from $275, with a bull case of $400 for 2025.<\/li>\n\n\n\n<li>Highlights the upcoming robotaxi event on Aug. 8 as crucial for Tesla&#8217;s autonomous future.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Adam Jonas (Morgan Stanley):\n<ul class=\"wp-block-list\">\n<li>Calls Tesla&#8217;s results the &#8220;1st Positive Surprise of the Year.&#8221;<\/li>\n\n\n\n<li>Notes Tesla delivered 33,000 more units than produced in Q2.<\/li>\n\n\n\n<li>Highlights Tesla&#8217;s energy storage business as a &#8220;show stealer,&#8221; with its highest quarterly deployment and a record profit margin.<\/li>\n\n\n\n<li>Has an overweight rating with a $310 price target.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Market dynamics and challenges:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tesla faces competition from Chinese counterparts and fluctuating US EV demand.<\/li>\n\n\n\n<li>The company cut more than 10% of its global staff earlier this year to reduce costs.<\/li>\n\n\n\n<li>CEO Elon Musk acknowledged near-term demand and sales challenges during the shareholder meeting.<\/li>\n\n\n\n<li>Tesla reduced prices last year to boost sales.<\/li>\n<\/ul>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/\" title=\"\">here<\/a> to open account and start trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CURRENCIES GBP\/USD retail trader data: Contrarian stance to crowd sentiment: EUR\/GBP retail trader data: Contrarian stance to crowd sentiment: STOCK MARKET Tesla&#8217;s latest announcement: Analyst reactions: Market dynamics and challenges: Click here to open account and start trading.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-13793","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"luna","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/luna\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/13793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=13793"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/13793\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=13793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=13793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=13793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}