Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Tesla stock jumps and some think it’s because of this Elon Musk move

% of readers think this story is Fact. Add your two cents.


Tesla stock jumped over six percent on Monday morning, continuing gains that have the electric vehicle maker’s stock up over 19 percent so far in the past month.

There is speculation as to why Tesla shares continue to climb into this week, and some believe it is because CEO Elon Musk followed Uber founder Travis Kalanick just over one month before the company is set to unveil its Robotaxi on August 8.

Kalanick is no longer affiliated with Uber as he departed the company in 2017. However, he has an established and proven track record of developing a ride-sharing platform, which is what Tesla eventually wants to turn its Robotaxi into based on past revelations on an app and other quotes made by Elon Musk.

Tesla’s Robotaxi unveiling a ‘historical moment’ in story, catalyst to $1T market cap: Wedbush

However, while this is certainly something that is worth speculation, there are other reasons Tesla shares are gaining on Monday.

According to The Motley Fool, the gains are due to the Chinese EV market showing year-over-year growth. EV makers like BYD, who routinely has delivery figures in line with Tesla’s, reported 426,000 deliveries in Q2, which some believe could put Tesla somewhere around that number for the quarter.

Analysts are definitely torn between Tesla’s quarter and Wall Street’s expectation of a decrease from Q2 of last year but an increase from Q1 2024.

Analyst consensus puts expectations at 438,019 deliveries, which would put Tesla at less than 1 million vehicles for the first half of the year, as many hoped it would reach 2 million vehicles for the first time in its history.

However, Tesla is in between two growth waves as its next-generation platform and its Robotaxi will likely propel the company to more growth in the future. Even still, Tesla needs to execute and stay close to its projected timelines for these projects, something it has struggled to do in the past.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at [email protected]. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at [email protected].

The post Tesla stock jumps and some think it’s because of this Elon Musk move appeared first on TESLARATI.


Source: https://www.teslarati.com/tesla-tsla-stock-jumps-elon-musk-travis-kalanick/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Lion’s Mane Mushroom Nootropic

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.


 


Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.


Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.


Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.


Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.


Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.