Ford (F) reported a 61% year-over-year improve in its second quarter electrical car gross sales, following EV large Tesla’s (TSLA) report of a higher-than-expected improve in second quarter car deliveries. In response, Wedbush analyst Dan Ives raised his value goal on Telsa to $300 per share.Morning Temporary Anchors Brad Smith and Madison Mills break down the most recent developments for Tesla and Ford and what they imply for the shares transferring ahead.For extra skilled perception and the most recent market motion, click on right here to look at this full episode of Morning Temporary.This put up was written by Nicholas JacobinoVideo TranscriptAuto gross sales.Giving massive EV power for it’s the newest to reported second quarter outcomes, seeing a 1% 12 months to 12 months rise in complete gross sales and EV gross sales leaping 61%.This, in fact, follows stable reviews from Tesla and GM earlier within the week.Tesla ticking larger immediately after buddy of the present we analyst Dan Ives raised his value goal on the inventory to $300 a share.There you are seeing shares of Tesla larger by about 3.4% right here within the early innings of immediately’s exercise right here.However we also needs to word that it actually is available in a interval the place there was a lot concern coming into these prints that it was nearly simply this huge weight and maybe pushing down some expectations, limiting expectations and corporations basically popping out and saying, no, there’s there’s nonetheless a good bit of, uh, of fodder on the market when it comes to the customers which might be prepared to get into panorama, for Tesla’s sake after which for Ford, it is a massive deal, particularly as they’ve form of moderated their very own plans inside their very own growth.Desirous about the Ford Blue enterprise versus the Ford ice enterprise as effectively.Traditionally, yeah, it is attention-grabbing, too, given what we have seen from a few of the different analysts forward of the deliveries numbers that we obtained out of Tesla.Specifically, this word stood out to me from Citi, saying they advisable shopping for Tesla August twenty fourth, 195 greenback calls forward of three upcoming catalyst They checklist, in fact, the car deliveries that we simply obtained quarterly earnings for Tesla anticipated arising on July nineteenth.We have the upcoming Robo Taxi Day on August eighth.That is clearly going to be a carefully watched occasion for buyers.After which, generally, that would all result in some catalyst for the inventory whereas we await robo taxi information from the corporate.And, in fact, as we get some extra info from within the upcoming earnings print but in addition, to your level Brad and having a look right here at what we noticed not simply from we Bush but in addition from Financial institution of America John Murphy saying that deliveries had been higher than consensus expectations and notably higher than buyers had anticipated.Story continuesSo additionally seeing just a few further constructive sentiment over the concept these deliveries did are available in higher than anticipated.Fascinating to me, although, on condition that we nonetheless noticed these head ones, notably popping out of China, and the diploma to which EV makers on Chinese language soil are nonetheless having nearly all of market share in Beijing.However nonetheless, that did not influence that headline quantity, and I suppose that is what the road is targeted on, notably to place a reputation on it.They, they completely are persevering with to not simply take market share however doubtlessly be a market share chief for an prolonged time period, too.That in comparison with what Tesla and the inroads that they’ve tried to develop inside that area, bringing to succeed in to that area in Shanghai after which additionally guaranteeing that they may try to put much more of that mass market mannequin three within the area as effectively.Now Ford has additionally been making an attempt to do the identical with, in fact, ensuring that they have a lightning that’s out there basically internationally and particular fashions area by area right here.It was attention-grabbing to see inside this submitting that the vans truly lead in Q two.Nevertheless, hybrids grew 56% EVs had been up 61%