Notice of Index Modifications: Ferrari ETPs

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Violeta Todorova

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Tesla Could Become The NVIDIA of Energy Storage

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  • Tesla share price surged 27% after Q2 deliveries beat expectations
  • Tesla reported a record energy storage
  • Technical breakout suggests the price could rise to $300

Tesla Reveals Impressive Q2 Delivery Figures

Tesla experienced a significant surge in its stock price following its announcement of better-than-expected Q2 delivery figures. The company disclosed 444,000 electric vehicle (EV) sales for the second quarter, beating Wall Street forecasts despite a nearly 25% drop in sales in China and weak demand in Europe. Production fell by 14.3% to 410,831 vehicles due to supply chain constraints and temporary closures at the Berlin Gigafactory.

Q2 Deliveries Indicate Stabilizing EV Demand

The early disclosure of production and global vehicle delivery figures highlighted a year-over-year decline in deliveries but still surpassed analysts’ expectations, triggering a 27% increase in the share price since the announcement. This trend suggests a stabilization of global demand for EV, which had dipped earlier in 2024.

The global EV market appears to be recovering, as evidenced by better-than-expected delivery figures from Tesla and number of its competitors. Tesla’s Q2 performance eased investor concerns about the impact of the global price war and declining EV demand on its sales and profit margins.

Tesla Reports Record Energy Storage Deployments in Q2

Tesla achieved a new milestone in its energy storage business, deploying 9.4 gigawatt-hours (GWh) of energy storage, more than double the previous quarter record and double consensus estimates. This value is 131% greater than Q1, and 157% higher than the volume deployed in Q2 2023. This robust performance underscores the growing potential of Tesla’s energy storage business.

While Tesla does not disclose specific margins for its energy business, it has reported positive and growing gross margins. The substantial increase in energy storage deployments could contribute significantly to Tesla’s overall revenue, which is increasingly rivalling its core EV operations and could soon surpass its services and other revenue streams.

While the delivery numbers were clearly a very positive development, the surge in Tesla’s share price could largely be contributed to the massive rise in the energy business.

Tesla’s Strategic Shift Toward AI and Robotics

Elon Musk plans to unveil Tesla’s robotaxi on the 8 th of August. This is expected to be a landmark event, highlighting Tesla’s advancements in full self-driving technology and its autonomous future. The company is marking a pivotal shift from traditional car manufacturing to a broader focus on autonomous driving, energy solutions, and next-generation robotics.

Tesla is increasingly viewed more as an AI and robotics company than a traditional car maker, given its projects such as its fully automated driving software, robotaxis, and AI-powered robots. Tesla’s stock appears poised for significant growth as the market begins to recognize it as an AI play.

A graph of a stock market

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Source: TradingView

Stock Performance and Increasing Market Confidence

Tesla’s stock price has surged more than 81% since its April low, driven by CEO Elon Musk’s renewed focus on self-driving technology and AI ambitions. A key investor vote approved his delayed $56 billion pay package, further boosting market confidence.

Technical Breakout Points to Higher Price Levels

Tesla’s shares have been trading in a down trend since November 2021 which now appears to be reversing course. The higher low posted in April 2024 shows that the bulls are stepping in and is the first preliminary sign suggesting the down trend might be ending soon.

Last week’s price action decisively broke above its long-term down trend line suggesting that momentum is improving and pointing to higher price levels over the medium-term. Those two developments on the chart have bullish implications and presage the possibility of a formation of a new primary up trend.

Given the improvement in the price structure and in the momentum conditions, higher price levels are likely to unfold. The first potential upside price target is $300, however over the long-term, significantly higher price levels are achievable.

Professional investors looking for magnified exposure to Tesla may consider Leverage Shares +3x Long Tesla or -3x Short Tesla ETPs.

Websim is the retail division of Intermonte, the primary intermediary of the Italian stock exchange for institutional investors. Leverage Shares often features in its speculative analysis based on macros/fundamentals. However, the information is published in Italian. To provide better information for our non-Italian investors, we bring to you a quick translation of the analysis they present to Italian retail investors. To ensure rapid delivery, text in the charts will not be translated. The views expressed here are of Websim. Leverage Shares in no way endorses these views. If you are unsure about the suitability of an investment, please seek financial advice. View the original at

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

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Tesla sold 443,956 and built 410,831 cars last quarter.
Tesla sold 443,956 and built 410,831 cars last quarter.
Tesla sold 443,956 and built 410,831 cars last quarter.

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Terms and Conditions

Notice

If you are not classified as an institutional investor, you will be categorised as a private/retail investor. At this time, we cannot send communications directly to private/retail investors. You are welcome to view the contents of this website.

If you are an ‘Institutional investor’, you affirm either that you are a Per Se Professional Client, or that you wish to be treated as an Eligible Counterparty Client, both as defined under the Markets in Financial Instruments Directive, or an equivalent in a jurisdiction outside the European Economic Area.

Risk Warnings

The value of an investment in ETPs may go down as well as up and past performance is not a reliable indicator of future performance. Trading in ETPs may not be suitable for all types of investor as they carry a high degree of risk. You may lose all of your initial investment. Only speculate with money you can afford to lose. Changes in exchange rates may also cause your investment to go up or down in value. Tax laws may be subject to change. Please ensure that you fully understand the risks involved. If in any doubt, please seek independent financial advice. Investors should refer to the section entitled “Risk Factors” in the relevant prospectus for further details of these and other risks associated with an investment in the securities offered by the Issuer.

This website is provided for your general information only and does not constitute investment advice or an offer to sell or the solicitation of an offer to buy any investment.

Nothing on this website is advice on the merits of any product or investment, nothing constitutes investment, legal, tax or any other advice nor is it to be relied on in making an investment decision. Prospective investors should obtain independent investment advice and inform themselves as to applicable legal requirements, exchange control regulations and taxes in their jurisdiction.

This website complies with the regulatory requirements of the United Kingdom. There may be laws in your country of nationality or residence or in the country from which you access this website which restrict the extent to which the website may be made available to you.

United States Visitors

The information provided on this site is not directed to any United States person or any person in the United States, any state thereof, or any of its territories or possessions.

Persons accessing this website in the European Economic Area

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each person accessing this site, by so doing, acknowledges that: (1) it is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. None of the funds on this website are registered under the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”).

Exclusion of Liability

Certain documents made available on the website have been prepared and issued by persons other than Leverage Shares Management Company. This includes any Prospectus document. Leverage Shares Management Company is not responsible in any way for the content of any such document. Except in those cases, the information on the website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, Leverage Shares Management Company shall not be responsible for loss occasioned as a result of reliance placed on any part of the website and it makes no guarantee as to the accuracy of any information or content on the website. The description of any ETP Security referred to in this website is a general one. The terms and conditions applicable to investors will be set out in the Prospectus, available on the website and should be read prior to making any investment.

Leverage Investment

Leverage Shares exchange-traded products (ETPs) provide leveraged exposure and are only suitable for experienced investors with knowledge of the risks and potential benefits of leveraged investment strategies.

Cookies

Leverage Shares Management Company may collect data about your computer, including, where available, your IP address, operating system and browser type, for system administration and other similar purposes (click here for more information). These are statistical data about users’ browsing actions and patterns, and they do not identify any individual user of the website. This is achieved by the use of cookies. A cookie is a small file of letters and numbers that is put on your computer if you agree to accept it. By clicking ‘I agree’ below, you are consenting to the use of cookies as described here. These cookies allow you to be distinguished from other users of the website, which helps Leverage Shares Company provide you with a better experience when you browse the website and also allows the website to be improved from time to time. Please note that you can adjust your browser settings to delete or block cookies, but you may not be able to access parts of our website without them.

This website is maintained by Leverage Shares Management Company, which is a limited liability company and is incorporated in Ireland with registered offices at 2 Grand Canal Square, Grand Canal Harbour, Dublin 2.

By clicking you agree to the Terms and Conditions displayed.