Tesla bull and Wedbush analyst Dan Ives has praised the company’s Q2 deliveries, saying the “fireworks come early”. The electric vehicle company delivered 384,122 vehicles in the second quarter of 2025, exceeding some market expectations and sparking optimism among investors and analysts. The delivery numbers, which were higher than the estimated 365,000 “whisper number,” led Ives to maintain a positive outlook on the EV giant. Most of Tesla’s Q2 deliveries came from its popular Model 3 and Model Y vehicles, with more than 373,728 units delivered globally.In a note released on July 2, Ives reiterated his $500 price target on Tesla’s stock, suggesting a 58% upside. He also retained an ‘Outperform’ rating.Ives also pointed to signs of recovery in Tesla’s Chinese market, which had been struggling. He said “We saw a rebound in June with sales increasing for the first time in eight months reflecting higher demand for its updated Model Y”, highlighting renewed consumer interest in the region.
Elon Musk must remain focused on Tesla: Dan Ives
The analyst said that Musk’s proactiveness helped in Tesla’s growth. Adding further, Ives said that “If Musk continues to lead and remain in the driver’s seat, we believe Tesla is on a path to an accelerated growth path over the coming years with deliveries expected to ramp in the back-half of 2025 following the Model Y refresh cycle”. Stating that the EV maker has the potential to “own the autonomous market” in the US, he said that Musk must put Tesla ahead of his political views. The tech billionaire’s feud with President Trump escalated after Musk publicly criticised “One Big Beautiful Bill”, stating that if the senate passes the spending bill, “the America Party will be formed the next day.” Trump responded with a DOGE warning, stating Musk’s companies have benefited most from the subsidy.
