On Wednesday (July 3rd), Tesla surged 6.54% again to close at $246.39, with a total market value of 785.8 billion. Compared to the low point of $138 over two months ago (April 22), it has achieved an astonishing rebound.

It is worth noting that this has been Tesla's seventh consecutive day of gains, the longest consecutive rise record since 2024, almost recovering the decline of nearly half a year.

In addition, the seven consecutive increases in Tesla's stock price have also boosted Musk's value, increasing his wealth by nearly $30 billion and once again becoming the world's richest person.The continuous rise of Tesla's stock price is naturally due to the positive news.

Firstly, the sales of electric vehicles have exceeded expectations.On Tuesday, Tesla released production and delivery data for the second quarter of this year. According to official data, Tesla produced approximately 411000 electric vehicles globally in the second quarter, a year-on-year decrease of 14%; Approximately 444000 vehicles were delivered, a year-on-year decrease of nearly 5%, but a month on month increase of 14%.

Tesla's delivery data surprised the market greatly, as it not only exceeded Tesla's own expectations (438000 vehicles), but also significantly exceeded the market's expectations. Before the data came out, many analysts on Wall Street were very pessimistic about Tesla's sales growth, with most analysts predicting a delivery value of around 415000 vehicles.

Delivery data exceeded expectations and drove Tesla's stock price up nearly 10% on Tuesday.

Wedbush Securities analyst Dan Ives wrote, "With most car price cuts becoming a thing of the past and global (especially China) demand for electric vehicles stabilizing, we believe Tesla will achieve its annual sales target of 2 million vehicles in the coming quarters. Currently, Wall Street expects Tesla's annual sales to be around 1.8 million vehicles in 2024."

Secondly, other businesses outside of Tesla's electric vehicles have also made good progress.

● Energy storage business

Tesla deployed 9.4 gigawatt hours of battery storage in the second quarter, an increase of over 100%. The previous maximum storage deployment of the company was 4.1 gigawatt hours in the first quarter of this year. 9.4 gigawatt hours of electricity is approximately enough to provide one year's worth of electricity for 10000 American households.Dan Ives believes that this number is "very huge". He said, "The huge amount of storage will drive Tesla's profit growth."The significant growth of Tesla's energy storage business means that its second quarter revenue may increase by $2 billion and gross profit may increase by $400 million. Wall Street currently expects Tesla's Q2 revenue to be $24 billion and gross profit to be $4.2 billion.

● Humanoid robots

On Wednesday, Tesla China's official Weibo account announced that the second-generation humanoid robot Optimus will make its debut at the 2024 World Artificial Intelligence Conference held in Shanghai from July 4th to 7th.

Tesla China wrote, "Witness the further evolution of humanoid robots and explore Tesla's secrets beyond just cars!"

At the end of last year, Tesla officially released a video of the second-generation humanoid robot Optimus. According to the introduction in the video, compared to the previous generation, the second-generation Optimus has a more exquisite appearance, with a weight reduction of 10 kilograms and a 30% increase in walking speed.

The hands and feet have also undergone greater upgrades. The second-generation Optimus is equipped with a hand with up to 11 degrees of freedom, which responds faster and all fingers have tactile sensing. In terms of feet, the second-generation Optimus is also closer to the geometric angle of human feet, and can also perform deep squats while balancing itself.

After the introduction video of the second-generation Optimus was released, there were reports that Tesla plans to soon begin using the humanoid robot in its manufacturing business. And once its practicality can be proven, Tesla plans to start selling the robot.

Analysts have pointed out that at the current iteration speed, Optimus robots may soon be able to replace manual labor in many fields.

Musk is very optimistic about the development potential of Optimus. On Tuesday, Musk said on social media platform X, "Once Tesla completely solves the problem of autonomous driving and mass produces Optimus, anyone who still holds a short position will be eliminated. Gates is no exception."