Tesla Shares Setting Up for Second Spike
Tesla Shares Setting Up for Second Spike (Bloomberg)
If you missed out on Tesla Motors, Inc.’s (TSLA) 314 percent share price increase during the last year, you may be about to get a second chance at an enormous gain. At least, that’s what brash Chief Executive Officer Elon Musk has confidence in as his brand of sleek electric cars drives into the Chinese market this year. According to Musk’s plan, this run should hit its apex in 3-4 years, as TSLA builds production sites in the world’s second-largest economy. In addition, TSLA is also setting up an enormous network of battery-charging stations in China to power its sleek electric cars. TSLA’s shares are up on the news.