This week, Tesla stock increased 6.9% as part of a trend.

It accelerated the trends of the manufacturer of all-electric vehicles ahead of other EV stocks including Rivian, Fisker, and Lucid.

The company's astounding 83% increase in deliveries from the previous year is reflected in the upturn.

After the all-electric car manufacturer reported that deliveries in the most recent quarter increased by 83%, shares gained 7% to a new high for 2023.

 Tesla dropped the price of each of its four EVs—the S, E, X, and Y—multiple times.

In addition to the available US government tax advantages, customers rushed to take advantage of the pricing opportunities.

Major US indexes began July on Monday by edging slightly higher.

 If history is any guide, July should be scorching hot.