Tesla's decision to lower the cost of EVs was a "smart poker move."

Tesla's second quarter EV deliveries set a record, proving that the price cuts were a "smart poker move."

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Elon Musk's business has dispatched 466,140 cars around the world in the last three months.

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Analysts anticipated Tesla will build 448,350 cars.

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This massive delivery beat will cause the Tesla bears to go back into hibernation.

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By cutting the costs, Tesla made a wise poker move that has immensely benefited the company in the market, especially in China.

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Ives maintained his $300 price target for Tesla stock in light of this.

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Tesla's stock rose 7.49% on Monday to $281.50 per share.

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Tesla increased its vehicle deliveries by 36% in the first three months of the year.

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