Tesla stock has surged since the company reported earnings on Wednesday.
AdvertisementTesla's stock price has been on a tear in the two days since the carmaker reported quarterly earnings that exceeded expectations.
AvaTrade's chief market analyst, Kate Leaman, told BI that Tesla's earnings were a "surprise beat, which always gives the stock a push."
Ahead of the earnings report, analysts had concerns about waning EV demand and the impact of Tesla's price cuts on its profitability.
Dan Ives, a Tesla bull and an analyst at Wedbush Securities, called Tesla's earnings figures a "Goldilocks quarter."
Persons:
Jacob Bourne, —, Elon Musk, Tesla, Kate Leaman, Tom Narayan, Dan Ives, Emarketer's Bourne, Tesla's Cybercab, Bourne, Chowdhry, Donald Trump, Narayan, Musk
Organizations:
Wall Street, Service, Wall, Business, RBC Capital, Wedbush Securities, Global, Tesla
Locations:
Texas, California, Bay