<ul data-eligibleForWebStory="false"><li>Tesla shares surged as the carmaker announced a smaller decline in vehicle sales than expected by analysts, fueling investors' optimism.</li><li>Despite the 13% drop in vehicle deliveries from the previous year, some investors believe Tesla has hit bottom and anticipate a recovery.</li><li>Elon Musk's previous claim of a car business recovery was contradicted by recent sales figures, raising concerns about future challenges, including the proposed elimination of EV tax credits.</li><li>Analysts express doubts about Tesla's volume growth potential, especially with delayed affordable vehicle production and expectations of a second consecutive annual decline in vehicle sales.</li></ul>

Tesla rallies on investors betting vehicle sales have bottomed

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