Tesla stock notches 10th consecutive day of gains as investors eye growth potential

Tesla's 10-day stock gain streak was driven by better-than-expected second quarter vehicle production and deliveries numbers, momentum surrounding the company's artificial intelligence businesses, and anticipation of more affordable electric vehicles and robotaxis. This optimism led to a shift in market valuation towards Tesla's growth potential.

Tesla beat Wall Street expectations due to strong second quarter vehicle production and deliveries numbers, as well as momentum surrounding its artificial intelligence businesses3. The company's ability to erase all of its year-to-date losses and deliveries growth also contributed to the positive outcome.