Tesla (TSLA) shares staged a dramatic recovery ahead of the company’s upcoming earnings report scheduled for July 23. Despite a slip in its deliveries compared to a year ago, the number of deliveries beat Wall Street’s expectations. This “bad news” was “good news” on the market sentiment front, and the price action proves it (at least for now). Tesla’s Solid Market Position Tesla is still the world’s largest EV manufacturer and seller, though some analysts would argue that the company’s grip on the market might be loosening. Plus, the interest rate environment isn’t the most favorable for those looking to buy a new EV. However, Tesla has delivered more cars than it has produced. Dramatic inventory reduction has positioned the EV maker in a high-demand/low-supply situation. Additionally, investors and car buyers expect interest rates to fall sometime toward the end of the year, which could boost demand for EVs and…
