Tesla Stock Jumps On China Sales And AI
After a tough year, Tesla’s stock has been up 30% in the last three months. Earlier this year, Tesla struggled in China, the largest EV market. However, as sales have picked up, it appears Tesla could post good numbers for the current quarter.
Elon Musk, the CEO, has said that his robotaxi will revolutionize the self-driving car business. He has also made advances with AI that could transform his cars to the point where they are fully self-driving.
Self-Driving Future
It has appeared that it would take years, if not a decade, to have a completely safe self-driving car. Alphabet’s Waymo, GM’s Cruise, and several smaller companies have tested their versions but have run into accidents, setting the industry back. A self-driving Tesla would trump the industry.
50% Market Share
Tesla continues to hold 50% of the US car market. That means that, as a group, legacy car companies continue to lag well behind the company. This is despite the fact that a part of the public does not like his politics. In some ways, this is a testament to the Tesla product.
Tesla, which once appeared in trouble, does not look that way anymore.
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