Tesla delivered a record 92,000 vehicles during its second quarter, meeting founder and chief executive officer Elon Musk’s promise of beating analysts’ expectations.

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Wedbush Managing Director Daniel Ives told FOX Business he is still slightly pessimistic on the company and questions Tesla’s sustainable growth rate for the Model 3 in the second half of the year.

“The street continues to be a glass half-empty view here,” Ives said on “Countdown to the Closing Bell” Friday. “I view it as a major step in the right direction but still there’s a lot more wood to chop ahead.”