Tesla shares rebounded late this week after the announcement that the company will run a reduced production schedule in January at its Shanghai plant. Can Tesla sustain this momentum, or is the positive trend merely a blip on what’s been an unsettling year for the all-electric carmaker’s stock?Tesla stock has been on a tumultuous rise and fall. It has just closed out its worst month, quarter, and year on record.
Since we have a lot of cars arriving at the last minute, it is important to rally hard and do everything we can to get our cars to customers who have ordered them before midnight on Dec. 31. Also, every incremental car we produce that can be delivered in time also matters. Musk sends out an end-of-year memo to employees every year. As he has done in the past, he asked employees to step up to the cause of maximum deliveries by volunteering to assist in getting new cars into the hands of customers. InIn itswe consider our relationship with our employees to be good.
Usually, a stock’s share price is determined by supply and demand in the market. If there is a high demand for its shares, the price will increase. If the company’s future growth potential looks dubious, sellers of the stock can drive down its price. Tesla stock does not necessarily follow this pattern of valuation, perhaps influenced more by other factors, like what is going on with Elon Musk.
Good point ☝️
Don't worry, I quit.