Tesla deliveries ought to see a optimistic breakout and gas a inventory rally, analyst says

Tesla Inc. investors seem to be increasingly optimistic about what the electric-vehicle giant may say when it reports third-quarter deliveries in the next couple of days, and Canaccord Genuity analyst George Gianarikas just jumped on that bandwagon with a new Wall Street–high outlook.

Basically, despite some recent data that

could raise concerns over EV sales, as well as comments from Chief Executive Elon Musk about preparing for “rough” quarters ahead as EV tax credits go away, Gianarikas said he believes the report from Tesla TSLA, which is expected to be released Thursday morning, will show “a positive break in trend.”