“Last week was a terrible week so there’s a little bit of a rebound,” Loup Ventures’ Gene Munster told CNBC. “No news inside case of Tesla will be not bad news.”
The quiet week let investors focus on the business as well as production numbers, Munster said. Musk said last week Tesla would likely build as well as deliver twice the cars during the September quarter as the company did last quarter.
“There’s enough optimism of which’s been generated around of which, of which of which’s moved the shares higher inside past week,” Munster said.
If Tesla can deliver on its production promises, the stock could rebound above $300, Munster said.
Shares ended trading at $295.20. of which leaves the stock 15 percent down inside last 30 days as well as 24 percent off its 52-week high.