Tesla’s inventory (TSLA) closed up about 4% on Tuesday, securing its tenth straight day of positive aspects.The optimistic strikes imply Tesla has erased all of its year-to-date losses, with the top off about 5% for the reason that begin of the 12 months. Shares have additionally surged about 75% since hitting 52-week lows in April.Analysts have credited the corporate’s second quarter automobile manufacturing and deliveries numbers, which beat Wall Avenue expectations, together with momentum surrounding Tesla’s synthetic intelligence companies.”Abruptly, the market is valuing the expansion potential for Tesla,” Seth Goldstein, fairness strategist at Morningstar, instructed Yahoo Finance. “Q1 deliveries stunned to the draw back so the market was assuming a decrease progress fee, and that is why we have seen the massive rally.”Tesla is ready to report its subsequent quarterly outcomes on July 23 after the market shut. It is teased the event of extra inexpensive electrical autos, which traders see as one other key catalyst for progress.However Goldstein mentioned the corporate should lay out a “strong, concrete timeline” on the subject of the rollout of these vehicles, which the corporate beforehand mentioned might occur as quickly as 2025.”We have to see that being met or pushed up earlier in order that [Wall Street] can assume Tesla will see a second wave of deliveries progress beginning in 2026,” he mentioned. “So long as that narrative stays intact, I feel that the inventory will probably be OK. But when that is pushed out or if administration sounds extra unsure that that is going to occur, then I feel we might see the inventory falter.”Exterior of earnings and deliveries, traders will even be looking out for one more progress alternative: robotaxis. The corporate is ready to unveil its much-anticipated robotaxi on Aug. 8.Tesla’s inventory plummeted within the first half of the 12 months after its fourth quarter monetary report missed on each the highest and backside strains. A 9% year-over-year drop in first quarter automobile deliveries despatched shares even decrease as traders questioned the EV maker’s sky-high valuation and demand nonetheless left within the US.Quickly after the supply miss, the corporate slashed greater than 10% of its workers. On the time, analysts categorized the layoffs as an “ominous sign” for what’s to come back.Competitors overseas from Chinese language EV makers together with Lucid (LCID), Li Auto (LI), Nio (NIO), and XPeng (XPEV) has additionally served as a big overhang, fueling a worth battle that is compelled Tesla to aggressively minimize costs with the intention to compete.Story continuesShort sellers have piled into the identify in consequence — however they’ve now been crushed by its latest rally.”Brief sellers have been up and down on this identify over the previous couple years. It was the No. 1 quick available in the market. Now it is No. 4 behind … Nvidia, Apple, and Microsoft,” S3 Companions’ Ihor Dusaniwsky instructed Yahoo Finance on Tuesday. “However that is just like the OG quick. Everybody remains to be in it.”Tesla and SpaceX CEO Elon Musk listens to a query as he speaks on the SATELLITE Convention and Exhibition in Washington, March 9, 2020. (AP Photograph/Susan Walsh, File) (ASSOCIATED PRESS)Alexandra Canal is a Senior Reporter at Yahoo Finance. Observe her on X @allie_canal, LinkedIn, and e-mail her at alexandra.canal@yahoofinance.com.Click on right here for the newest inventory market information and in-depth evaluation, together with occasions that transfer stocksRead the newest monetary and enterprise information from Yahoo Finance