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Tesla Stock Ticks Higher. Why Robo-Taxi Excitement Is About to Be Tested Again. - Barron's

1. TSLA stock rose 1.7% after previous week's launch of robo-taxi. 2. European EV sales dropped 28%, impacting TSLA's performance. 3. Q2 delivery estimates are lower than last year's figures. 4. Analyst maintains Neutral rating with a target of $320.

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FAQ

Why Bearish?

Weak European sales data and lower Q2 delivery estimates signal demand issues, raising concerns reminiscent of past downturns when delivery numbers faltered.

How important is it?

The article highlights significant market trends and delivery estimates critical to TSLA's stock performance.

Why Short Term?

Upcoming delivery reports will influence stock fluctuations significantly in the near term, akin to previous earnings reports causing immediate shifts.

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