) stock jumped roughly 5% in early trading Tuesday after the EV giant reported quarterly vehicle deliveries that beat Wall Street expectations.
During Tesla's shareholder meeting last month CEO Elon Musk confirmed that near-term demand and sales will still struggle. “Flattening EV adoption in the US and EU, with aggressive competition in China leave little immediate levers to pull to increase volumes,” wrote Colin Langan and his team. The firm has an Underweight rating on the stock with a $120 price target.
The XLR's extra fuel tank helps it go 5,400 miles nonstop, opening previously impossible or inefficient routes.
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