The next catalyst for Tesla's stock is around the corner

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The next catalyst for Tesla's stock is around the corner
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Tesla's stock is struggling to sustain its momentum in recent sessions after an epic run earlier this month.

Tesla Inc. is slated to report second-quarter sales and production in the next few days, with the stock struggling to keep its momentum going after an epic run earlier this month.

Tesla TSLA was the first U.S. auto maker to eschew monthly sales updates, opting instead to provide quarterly data on its deliveries, a proxy for sales, and production very shortly after quarter-end, including weekends. General Motors Co. GM followed that move a couple of years ago. Earlier this week, Deutsche Bank analyst Emmanuel Rosner raised his second-quarter delivery expectations to 448,000, from 438,000, on optimism about momentum in China.

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