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Alba Iulia
Thursday, May 28, 2020

Tesla shocked German carmaker: Nobody expected that

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Both experts and the competition are shocked by Tesla’s recent success. Elon Musk’s company has once again demonstrated its superiority.

Elon Musk and his company Tesla not only regularly put German car manufacturers in shock. It was only officially confirmed a few months ago that Tesla’s electric cars have a full technological lead for six years. Now the company is surprising with further news: its Tesla share.

Tesla share surprises: This lead is difficult to obtain

Elon Musk’s electric cars seem to be more popular than ever, as Tesla stock recently set a unique record. In the current crisis period, the company has demonstrated two strengths.

While Elon Musk continued to grow sales five-fold, his Tesla stock has had the longest series of gains since his IPO around ten years ago. Meanwhile, other car manufacturers are struggling with massive slumps.



Tesla and Elon Musk win in China

Elon Musk owes the victory course above all to the Chinese market, where sales of Tesla electric cars have almost exploded, much to the shock of competition and experts. In March alone, registrations for vehicles there are said to have increased by around 450 percent, such as The Shareholder reported.

This development and the triumphal march of the Tesla share is also surprising because the rest of the car market in China at the same time suffered a decline in sales of around 43 percent. The Tesla share itself also benefited from a lot of positive tailwind from experts. Even otherwise critical analysts like Goldman Sachs are said to have recently made buy recommendations for the Tesla share of Elon Musk.

Even VW confirms that Elon Musk and his Tesla electric cars are superior. But there has also long been evidence from other sources how advanced Tesla’s vehicles are. The youngest model alone, from the Tesla Model Y, fans are thrilled.

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