Prediction: Tesla Stock Could Go Parabolic After July 2

Tesla (NASDAQ: TSLA) has faced several challenges this year. Between macroeconomic issues that have affected broader equities -- the electric vehicle (EV) maker hasn't escaped this -- runaway capex spending that isn't yet paying off, and mixed financial results, the stock is down 6% to date, while the S&P 500 has climbed 8%. However, there are some reasons to think Tesla's shares could jump after July 2 and perform well through the rest of the year, although, of course, we can't be absolutely certain. Still, let's consider some reasons to be bullish on Tesla's short-term outlook.Image source: The Motley Fool.Tesla's financial results haven't been that strong partly because of a slowdown in the EV market. In the first quarter, EV sales in the U.S. dropped by 27% year over year. But what if Tesla's second-quarter EV deliveries and sales surprise Wall Street? Some people think that's what may happen. Mark Delaney, an analyst at Goldman Sachs (NYSE: GS), recently argued that Tesla's Q2 deliveries may exceed expectations, based on sales data from several regions including China and Europe. The analyst raised his second-quarter Tesla delivery projection to 420,000, up from 405,000.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool