The stock market opened mixed on Thursday, as investors digested multiple earnings reports, including Alphabet and Tesla earnings, and yields were higher after the initial jobless claims data came in hot.

Tesla had previously reported deliveries of more than 384,000 vehicles in the quarter—a drop of more than 13% from the previous year—with production holding steady at just over 410,000 vehicles. This marks the second quarter in a row of reduced year-over-year deliveries.

Tesla investors are always thinking about the future and CEO Elon Musk. Quarterly numbers still matter, and beating Wall Street expectations is always a good thing. Tesla will report second-quarter earnings after Wednesday’s market close.

There's a lot bundled into Tesla's market value. It has, for example, a distributed energy business that few (if any) competitors can match. Plus, it has a fledgling robotaxi division that some analysts think will be a $1 trillion opportunity on its own.

Wall Street was on track for a mixed open on Thursday as investors digested uneven earnings from megacaps like Alphabet and Tesla and monitored progress in U.S. trade negotiations.

There isn’t much of a consensus among Wall Street analysts heading into Tesla’s second-quarter earnings report. Long-time investors of Tesla know that isn’t a surprise: Tesla is always a controversial stock.

This week, Wall Street analyst Michael Legg upped his price target on Lucid Group ( LCID 10.82%) to $7 per share. That signals more than 100% in potential upside over the next 12 months. What makes him and other analysts so bullish? The answer is a $1 trillion opportunity.

It's sort of like a rock sitting on the edge of a cliff. If you can put enough sort of oomph into it, you can get it over the cliff, then gravity does the rest. The metaphor kind of breaks down because the stock's moving up, so the gravity seems to be pointing the other direction.