A "smart poker move" was Tesla's reduction of EV prices.

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Over the past three months, Elon Musk's company has shipped 466,140 automobiles across the globe.

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Analysts expected Tesla to produce 448,350 vehicles.

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The Tesla bears will resume hibernation as a result of this enormous delivery beat.

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Tesla made a solid poker play by lowering the prices, and it has paid off greatly in the market, particularly in China.

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In light of this, Ives kept his $300 price objective for Tesla stock.

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On Monday, shares of Tesla increased 7.49% to $281.50 each.

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Tesla delivered more vehicles in the first three months of the year, up 36%.

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