Tesla Inc is an electric vehicle-making company which has been dragged into various controversies whether it’s because of some violation of manufacturing policies or controversial tweets done by Elon Musk. Still, Tesla’s investors are happy about the company because in the last few days the company’s stock went up by more than $900 which is quite a good thing and now analysts are trying to figure out the reason behind such a positive movement in Tesla’s shares.
One of the critical reasons why Tesla’s stock is going up is because of the anxious environment in the current wall street market. Investors are worried about the future and thinking they might be missing a lot if they don’t invest right now in Tesla’s shares. People are thinking quite positively about Tesla’ shares, and that’s why they are not worried about the current price and investing in it carelessly. So far, a significant movement of $900 is the apparent indication that investors think Tesla might lead the EV market in the future.
Another good reason behind Tesla’s shares getting up is some investors are emotionally connected with it and are willing to invest in the company. Just like Disney is not just a big company which makes a tremendous amount of revenue but produces some family-oriented films, tesla;’s investors feel the same about this company because they have either purchased vehicles or invested in this company. Every investor who is earning the right amount of money wants only one thing, and that’s stability. Tesla is that stock which is giving a consistent amount of good returns by managing to exceed analysts expectations of producing cars and launching new products. Tesla has become a good brand and selling this stock will fetch profitable returns, and that’s why investors are buying more of it.