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

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

 Analysts expected Tesla to produce 448,350 vehicles.

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

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

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

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

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