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11.03.2020 Tesla(NASDAQ:TESL) Analysis

Tesla just made its millionth car according to the company CEO, Elon Musk, who was quick to announce on Twitter.Tesla has dropped almost 10% this week along

Yazar: Zack Smith

Yayınlanma: 12 Mart 2020 01:01

Güncellenme: 15 Kasım 2024 23:40

11.03.2020 Tesla(NASDAQ:TESL) Analysis

  Tesla just made its millionth car according to the company CEO, Elon Musk, who was quick to announce on Twitter. Tesla has dropped almost 10% this week along with the rest of the market this week amid rising cases of Coronavirus and the oil price war. However, Tuesday saw the stock recover some of it's losses largely after Musk tweeted about the huge milestone that Tesla had overcome-making a million cars. This might seem like peanuts compared to other giants like GM which makes averagely 10 million cars per annum. However, it shows Tesla's resilience and considering the fact that the company is looking for a location for its next Gigafactory project in Central USA. The company wants to have one factory dedicated to producing its Cybertrucks. This shows how visionary the company is and even though 2020 is proving to be a difficult year so far, Tesla seems to have a bright future. A Tesla stock is currently going for $637.37 which is a big improvement from Monday when it went down by 14% to $608.15.
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