Matt Debord/Business Insider
- Tesla stock could rally another 8% from its current levels, according to Wedbush.
- That's because EV price cuts "have paid major dividends for [Elon] Musk and co.," tech analyst Dan Ives said.
- Tesla reported record quarterly vehicle deliveries on Sunday, receiving a mixed response from Wall Street.
Tesla's stock has rallied an eye-popping 58% so far in 2023, and it could power even higher as price cuts unveiled by the electric-vehicle maker help boost sales, according to Wedbush Securities.