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The Tesla share price is powering ahead. It is quite incredible to witness. The share price was up another 11.2% last night to close at $1 835 a share. Take a look at the recent rally below.
As always there are a variety of factors. The stock split at the end of the month may be one. Some extra liquidity is a good thing but it certainly is not the only reason. As Bright mentions below, they dominate EV sales in the US. That could be another reason.
On the 22nd September they have a battery announcement coming. Speculation is that they will now be supplying batteries to other automakers. That could also be pushing the share price higher.
That reminds me that they are not just a car manufacturer. I saw this article which points out that Qatar's first storage project relies on Tesla Batteries. Quite ironic for an energy rich nation. It shows you that everyone needs to eventually embrace renewable energy. Renewable energy needs storage and Tesla is the first mover in battery technology. They have secured the best supply chains and will benefit big time from this trend.
