Tesla Stock Poised To Extend 13-Session Winning Streak: What's Driving The Rally
Portfolio Pulse from Shanthi Rexaline
Tesla's stock is set to extend its 13-session winning streak, driven by charging infrastructure partnerships with Ford and General Motors, Stellantis considering Tesla's North American Charging Standard, and a $250 price increase for the Model Y all-wheel drive variant.
June 14, 2023 | 10:54 am
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POSITIVE IMPACT
Ford's partnership with Tesla on charging infrastructure may benefit the company's electric vehicle strategy.
Ford's partnership with Tesla for charging infrastructure could enhance its electric vehicle strategy by providing better charging options for its customers, potentially increasing demand for Ford's electric vehicles.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
General Motors' partnership with Tesla on charging infrastructure may benefit the company's electric vehicle strategy.
General Motors' partnership with Tesla for charging infrastructure could enhance its electric vehicle strategy by providing better charging options for its customers, potentially increasing demand for GM's electric vehicles.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Stellantis is considering Tesla's North American Charging Standard, which could lead to a potential partnership.
Stellantis' interest in Tesla's North American Charging Standard indicates a potential partnership between the two companies. This could benefit Stellantis by providing better charging options for its customers and potentially increasing demand for its electric vehicles.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tesla's stock is on a winning streak due to partnerships with Ford and GM, Stellantis' interest in Tesla's charging standard, and a Model Y price increase.
Tesla's partnerships with Ford and GM, Stellantis' interest in Tesla's charging standard, and the Model Y price increase all contribute to the stock's upward momentum. These factors indicate strong demand and potential for increased revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100