During a general decline in the U.S. stock market, Tesla has risen for the seventh consecutive trading day, with the stock price now above $1000.
As of March, Tesla's stock price has risen by 18.3%, potentially making it Tesla's best performing month since October 2021, when Tesla's stock price rose by nearly 44%.
Barron's Magazine pointed out that the commodity market is currently causing inflation, bond yields are rising, and the market is digesting the increasingly aggressive interest rate policy of the Federal Reserve. Despite these factors continuing to put pressure on Tesla's stock, Musk will keep moving forward. $Tesla (TSLA.US)$
1. The stock price continues to rebound.
The recent optimistic sentiment reflected in Tesla's stock price may stem from many reasons. Prior to this, CEO Elon Musk released the "Tesla Master Plan Part III" on Twitter, which continues to build on the "Part I" written in 2006 and the "Part II" formulated in 2016, aiming to continue to innovate and manufacture smaller, lower-priced, higher quantity, and more advanced battery facilities for electric vehicles to sustain its rapid growth.
On the other hand, investors may also be optimistic about Tesla's first-quarter delivery outlook. Currently, Wall Street expects Tesla to deliver approximately 0.322 million vehicles, higher than the 0.306 million vehicles delivered in the fourth quarter of 2022. This data is expected to be officially released around April 2nd...