Tesla Motors, Inc. Stock Continues Its Climb -- Here's What You Need to Knowhttp://www.fool.com/investing/general/2014/06/17/tesla-motors-inc-stock-continues-its-climb-heres-w.aspx Daniel Sparks
June 17, 2014
Tesla (NASDAQ: TSLA) stock ended the day with another nice gain, adding a 3% increase on top of its massive 9% boost yesterday. What's driving the stock price? Broadly, an increasingly realistic best-case scenario of meaningful EV adoption in the coming years. More specifically, the market has incremental confidence in Tesla, thanks to these three drivers that made headlines this week.
Simplifying charging infrastructure
With the three largest manufacturers of electric vehicles considering greater commonality in charging infrastructure, the collaboration could lead to more rapid development of a useful charging network. Given the small amount of capital required to building charging stations, a new level of collaboration could help the EV sector swiftly address consumer range anxiety about driving EVs long distances.
Finalizing the Model X
The news was just as much a surprise for Tesla shareholders. The X is looking to be another hot-selling vehicle for the company; the sooner it goes into production, the better. After taking reservations on the Model X, Musk is confident enough in the vehicle to predict that demand for the X could be greater than that for the S, which was the best-selling vehicle among comparably priced cars in North America in 2013.