Tesla shares have been on a tear in recent weeks as Elon Musk marked the company's first deliveries from its new Berlin factory, easing investors' fears about whether the EV maker would receive the necessary approvals from the German government
"I'd say 30% of investors we talked to over the last six months thought Berlin was never going to open because of the red tape and bureaucracy," said Dan Ives, tech analyst at Wedbush Securities."Many investors were fearing [Tesla] would never have a beachhead in Europe and it would just be an empty factory."Model Y electric vehicles stand on a conveyor belt at the opening of the Tesla factory near Berlin earlier this month.
Although shares closed narrowly lower Wednesday, they posted gains in 10 of 12 trading days since hitting that low, gaining 43% in that short stretch alone.The rally has prompted Tesla to announce that it will ask its shareholders to approve a second stock split. Shares have more than doubled since the company's initial split, in August 2020.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tesla CEO Elon Musk Says He Has Covid AgainTesla CEO Elon Musk said he has COVID again, following an earlier bout in November 2020.
Weiterlesen »
UAW Chief Says He Hasn’t Had Talks With Tesla or Elon MuskRay Curry expects electric vehicles to offer the union growth potential, but he hasn’t sought an organizing vote at the auto maker after the CEO’s invitation.
Weiterlesen »
Elon Musk cites Eminem song in latest volley with the SECThe Tesla CEO says his free speech is being suppressed.
Weiterlesen »
Sen. Elizabeth Warren says billionaires should pay more taxes to help the ‘next Elon Musk'I'm happy to celebrate success, but let's remember, Elon Musk didn't make it on his own,' the Massachusetts Democrat told CNBC on Tuesday.
Weiterlesen »
Elon Musk Tests Positive Again for COVID-19Tech billionaire Elon Musk has COVID-19 for the second time.
Weiterlesen »
Elon Musk Quotes Eminem ‘Without Me’ Lyrics in Latest Legal ClashElon Musk’s lawyers included the Eminem lyrics in a filing over the CEO’s request to revoke a so-called consent decree requiring him to seek legal approval before he tweets about Tesla.
Weiterlesen »