Tesla stock records its best week on Wall Street since December

Shares of Tesla (NASDAQ:TSLA) recorded their best week on Wall Street after gaining more than 15 percent in value in trading since Monday, March 14. It’s been the best week for the electric automaker’s stock this year and Tesla’s biggest gainer in five. – Day stretch from December.

Tesla shares crossed the $900 threshold this week for the first time since mid-February. Overall, the market has been volatile for some time, especially as inflation has risen and sanctions against Russia due to its invasion of Ukraine have adversely affected many sectors.

The last time Tesla saw an increase in market value in a week from December 27 to December 31 was when shares rose nearly 10 percent, increasing in value by more than $105.

Despite Tesla’s increasing production output, thanks to two new factories, one in Texas and the other in Germany, the market hasn’t responded very well to inflationary pressures, which CEO Elon Musk said was driving the company’s pricing. going forward will affect it. Tesla increased prices across its vehicle fleet the next day.

Tesla has reportedly experienced a surge in sales figures in some areas of the US, especially as gas prices have skyrocketed over the past few months.

However, these positive news are not enough to fully counter the market conditions. Earlier this week, Tesla halted the sale of bonds backed by vehicle loans, postponing the move until the market settled down and lacked unpredictability.

Tesla shares traded as high as $903 during Friday’s trading hours. At the time of writing, shares were up more than 3%, trading at $898.98.

This week, Tesla has fueled a number of positive stories. Musk announced earlier this week that he would be working on Tesla’s “Master Plan Part 3,” a continuation of the company’s blueprints and gameplan that was first written in 2003. Additionally, news of a newly approved and certified Model Y trim level struck the EPA. website last weekend, it indicated that Tesla may not only be preparing to begin deliveries of its all-electric crossover manufactured at the new Gigafactory Texas plant, but the automaker could potentially expand its product lineup to offer more affordable models. Maybe because prices keep rising.

Tesla Hacker Indicates Model Y Standard Range+ Edition May Be Rollout From Giga Texas First

Some analysts, including Morgan Stanley’s Adam Jonas, believe that Tesla may enter the aviation market in the coming years. Jonas predicts that this may be the summary of Musk’s third master plan. “Let’s See Part 3″ [of Tesla’s story] In the form of large-scale industrialization, a network flywheel and ‘connecting the dots’ in adjacent TAMs,” Jonas said in a note to Morgan Stanley investors.

Jonas also indicated that a visit to the Fremont factory earlier this week signals a need for expansion. Musk recently considered a “significant” expansion of the Fremont facility located in northern California. Tesla makes about 450,000 units per year at this facility.

Disclosure: Joy Clender is a TSLA shareholder.

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Tesla stock records its best week on Wall Street since December