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Tesla Motors, Inc. Stock Continues Its Climb -- Here's What You Need to Know

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.

Image source: Tesla Motors.

Simplifying charging infrastructure
Following news that Tesla would allow peers to utilize any of its patents as long as they did so "in good faith," Financial Times reported that Tesla was in talks with Nissan and BMW about a new level of collaboration on charging networks. FT asserts its sources on the story come from all three companies.

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
Tesla surprised Model X reservation holders on Monday when it said it would begin production on the upcoming fully electric SUVs in "early 2015," as opposed to recent statements from the company that aimed for production not to ramp up until the "spring of 2015."

Image source: Tesla Motors.

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.