Tesla Shares Rise 15% in One Day

Tesla shares had experienced a great decline for a while, and this Elon Musk’s It also caused a significant decrease in his wealth. For the last few days, Tesla has been giving signals of a return to its old days. In fact, after the problems experienced by Cybertruck, this rise did not seem very likely. So what are the reasons for this increase?

China trip benefited Musk

The first reason for this increase in Tesla’s shares is its recent china travel is shown. Premier of China Li Qiang In a meeting with Musk, he managed to get approval for fully autonomous driving technology in the models he will produce in the country.

This approval received by the American company also created excitement among investors. Because recently, Tesla has been in serious competition with Chinese electric car manufacturers, especially BYD. That’s why this news received a positive response in the stock market.

Hopes are fresh before the events

Another important point was the events Tesla announced today for the Europe and Middle East region. The fact that Cybertruck will spread to a wider geography with the events to be held in various countries also had a positive impact on the company’s shares.

Previously focused on a limited geography in the electric car market and with big rivals Tesla, which has not entered much competition, has shown that it has started to solve this problem with the events it announced.

Do you think Tesla shares will continue their rise? Or will a fix come soon? We are waiting your comments.