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

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

 Analysts anticipated Tesla will build 448,350 cars.

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

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

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

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

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