US Stock Market Move | "Institutions are optimistic about Tesla's Q2 deliveries exceeding expectations, with Tesla, Inc. (TSLA.US) rising over 4%."

On Monday, Tesla, Inc. (TSLA.US) continued to rise at the opening, with an increase of over 4% as of the time of writing, reaching a market value of about $1.5 trillion. On the news front, Tesla, Inc. is expected to release its second-quarter delivery report before the end of the shortened trading week due to the holiday. Barclays PLC Sponsored ADR and Morgan Stanley have successively raised their estimates for Tesla, Inc.'s second-quarter delivery volume. Barclays PLC Sponsored ADR analyst Dan Levy said, "Our forecast may be higher than investors' expectations, but we believe this is supported by strong data so far in this quarter - with a strong momentum in the European market, stable sales in China, despite a weak environment in the US domestic market." Levy added that currently, Tesla, Inc.'s stock price is driven mostly by market narrative, with investors hopeful for several upcoming turning points in areas such as Robotaxi, Optimus, and artificial intelligence (AI). In contrast, fundamental indicators such as second-quarter delivery volume and profit margins are increasingly being marginalized in discussions. However, Levy and his team still believe that Barclays' positive outlook on better-than-expected second-quarter deliveries and a return to growth in sales should be seen as a positive signal.