The Tesla Magic — Part Enchantment, Part Wizardry
Shares jumped 7% to a new high for 2023 after the all-electric carmaker saidrose 83% compared with the same period last year. Tesla reduced prices several times on all of its 4 EVs — S, E, X, and Y — and buyers rushed to take advantage of the pricing opportunities in conjunction with available US government tax credits.Major US indexes inched up a tiny bit on Monday to begin July and the second half of the year. If history is any indicator, July should be blazing.
Not to be lost in the media frenzy, China is the world’s biggest EV market, and Tesla had announced in April it would build a second massive factory in Shanghai.on Thursday via video link at the opening ceremony of the World Artificial Intelligence Conference in Shanghai. “In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision.” His appearance marks another recent effort to maintain close links to China.
Even though it drives many of us crazy, perhaps it is Musk’s intransigence about topics like the company’s future autonomy that keeps Tesla vibrant — yes, the Tesla allure continues to hold a kernel of illusion.as saying, “There are only two types of EV companies in the world: Tesla, or Chinese EV makers.”Admittedly, it has taken over a decade for Tesla to capture the imaginations and wallets of so many drivers.
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