Tesla (NASDAQ: TSLA) shares have extended their winning streak, closing higher for six consecutive days. The electric vehicle (EV) leader's stock has surged nearly 40% in the past month, with another day of gains expected after today's market close.

The recent rally was triggered by Tesla's robust vehicle delivery results for the second quarter, which surpassed analyst expectations. The company delivered approximately 444,000 EVs, representing a decline of 4.8% compared to the same period last year. Nevertheless, this figure was higher than anticipated, highlighting optimism about the company's future growth potential.

Dan Ives, a prominent analyst from Wedbush, responded to the positive delivery numbers by raising his price target on Tesla stock to $300 per share. Ives believes that the EV demand is stabilizing globally, particularly in China, and expects Tesla's sales to accelerate further. His revised price target implies an additional 30% gain from yesterday's closing price.

Beyond the strong EV sales, Tesla witnessed record deployments of its energy storage products. During the second quarter, the company deployed 9.4 GWh of energy storage products, marking a significant increase of 129% compared to the prior quarter. This achievement bodes well for Tesla's upcoming earnings report on July 23, as investors anticipate an uptick in both sales and earnings.

Investors are also eagerly awaiting a potential catalyst from Tesla's robotaxi update, scheduled for August 8. The anticipation surrounding these updates has sparked interest in Tesla's stock, with many wanting to secure positions ahead of potential market-moving developments.

While Tesla's recent performance has been impressive, it's essential to consider the bigger investing picture. The Motley Fool Stock Advisor analyst team recently released their list of the 10 best stocks to buy now, and Tesla did not make the cut. These selected stocks have the potential to generate substantial returns in the coming years, as past recommendations, such as Nvidia, have demonstrated tremendous growth over time.

Despite this, Tesla continues to attract significant attention and remains a popular choice among investors. Howard Smith, a writer for The Motley Fool, holds positions in Tesla, and the company itself also recommends Tesla stock. As Tesla's rally persists, market participants will closely monitor upcoming updates and earnings reports for further indications of the company's future performance.

The Motley Fool has a disclosure policy in place, ensuring transparency and accountability in its published articles.

In conclusion, Tesla's stock price surge continues as the company surpasses delivery expectations and receives an upgraded price target. The positive momentum is driven by the stabilizing demand for EVs globally, as well as record deployments of energy storage products. With upcoming robotaxi updates and the earnings report on the horizon, investors remain interested in Tesla's potential for further growth.