Tesla is on a tear.
Shares of the electric automaker surged 6% on Wednesday after the company reported record production and delivery numbers for its second quarter, with some calling the report an “impressive” departure from its recent struggles.
With the stock still down nearly 30% year to date, experts are starting to perk up, but many remain cautious, saying they need to see Tesla’s next earnings report before getting more bullish.
Here’s what experts are saying about the report:
Longtime auto executive Jim Press, formerly of Chrysler and Toyota, said Tesla’s better-than-expected results are a good sign for the electric vehicle industry:
“I think the demand was there. I think a lot of this quarter was really done by stoking up production. They had unfilled orders, especially outside of the United States. The Model 3 filled a lot of that production need. They may have sacrificed some potential of the higher-margin, other vehicles. We’ll have to see. It does show well, and boy, I’ll…