According to the Futu Securities News app, as of Friday's close, Tesla (TSLA.US) stock has risen for eight consecutive days, closing at $251.52, wiping out the full-year decline. The stock has risen by about 1% year-to-date. Considering that the stock trading price was less than $140 in mid-April, this performance is quite impressive.

Tesla's rise is due to the second-quarter electric vehicle delivery volume exceeding expectations, the acceleration of the company's battery energy storage business growth, and the increasing optimism about Tesla's artificial intelligence business.

On Friday, Tesla's Model Y entered the Jiangsu Provincial Government's new energy vehicle procurement catalog. In addition to Jiangsu, several state-owned enterprises in the Lingang New Area of Shanghai have also purchased Tesla models. In recent years, Tesla's share of China's pure electric vehicle sales market has been around 10%.

Wall Street is also pushing Tesla's stock higher. Wedbush analyst Dan Ives recently raised his target price from $275 per share to $300 per share and gave the stock a "buy" rating. Ives is bullish on Tesla's opportunities in artificial intelligence. In a report on Friday, Ives wrote, "The key to Tesla's future is for the market to realize that Tesla is the most underestimated artificial intelligence target in the market. On August 8th, Musk and Tesla will usher in a historic day for robot taxis, which will add bricks and tiles to the future of fully autonomous driving (FSD) and autonomous driving."

FSD is Tesla's highest-level driving assistance product, and the company believes it will one day enable cars to achieve fully autonomous driving without human supervision or intervention. During the robot taxi event, investors will focus on the appearance of the robot taxi, Tesla's pricing, and Tesla's progress towards achieving truly driverless taxis.