Tesla shares surge after Q2 deliveries

Shares of electric car company Tesla are on the rise again.

Shares rose 5% on Wednesday and continued

on Thursday, with shares gaining 1%.

This rise comes after the announcement of second-quarter delivery figures.

The company delivered 384,122 vehicles.

The company delivered 374,000 Model Y and Model 3 vehicles.

While expectations were for deliveries of approximately 343,000 vehicles.

It's worth noting that vehicle production reached 410,244 vehicles.

This is lower than the number of vehicles produced for the same quarter last year.

Last year, the company produced approximately 410,831 vehicles.

As for the technical analysis

The stock fell as a result of reaching important and strong resistance areas.

We previously warned about these areas, which are at the 348.68 level.

The aforementioned areas still represent important areas for the price to rise.

Therefore, if the stock returns to the same areas again, we may see another decline.

The condition for a rise is a breakout of these areas and a closing

 above them with a daily candle.

After that, we may see a continued rise to the 395 and 420 levels, respectively.