Comment Comment by disconnected > the market has finally caught up to the fact that Tesla is years ahead of their competitors.Incorrect. The stock value is being pushed up by:1. Unexpected quarterly profits in October;2. Tesla planning to open a new factory in China and securing a 1.4 Billion dollar loan to do so;3. Apparent strong interest in the Cybertruck and the impending announcement of the Model Y;4. USA and China are easing the trade war, which is pushing the whole stock market up (there have been "records" left and right in the past few days).But the big one is number 2. Tesla moving into China means that they can tap into the humongous Chinese market. parent disconnected 6 years ago
Incorrect. The stock value is being pushed up by:
1. Unexpected quarterly profits in October;
2. Tesla planning to open a new factory in China and securing a 1.4 Billion dollar loan to do so;
3. Apparent strong interest in the Cybertruck and the impending announcement of the Model Y;
4. USA and China are easing the trade war, which is pushing the whole stock market up (there have been "records" left and right in the past few days).
But the big one is number 2. Tesla moving into China means that they can tap into the humongous Chinese market.