Ives believes Tesla's demand in China is rebounding, resulting in a positive delivery report for the second quarter. Wedbush Securities predicts Tesla will maintain momentum to achieve an annual production rate of 2 million units.
Tesla faced challenges in Q1 2024 due to global EV adoption pressures. Despite concerns, Elon Musk emphasized that EVs will dominate the market, praising Tesla's performance in a tough environment.
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