Tesla's shares surged for a third consecutive day, with gains of 23% for the week, almost erasing their 2024 losses. This rise followed Tesla's beat of analyst expectations with second-quarter vehicle production and deliveries. The stock has rebounded by over 70% since April lows, closing at $246.39 on Wednesday, near its 2023 close of $248.48. In the second quarter, Tesla delivered 443,956 vehicles and produced 410,831, exceeding estimates. Analysts predict a positive share price response to these results. Citi analysts anticipate a favorable reaction and highlight the importance of Q2 auto gross margins and potential product launches. Despite a decline in first-quarter deliveries, Tesla's recent performance suggests a strong recovery and potential growth ahead.