Tesla's Shanghai factory is on track to meet its goal of making 500,000 vehicles this year, the U.S. automaker's vice president told Chinese think tank EV100 in an interview. The EV100 think tank quoted Tao Lin as giving the figure in an article published on its official WeChat account. Tao also said the Shanghai factory had localized more than 90% of its supply chain.
Tesla, Inc. (TSLA) stock has jumped in 2021, climbing +61.1%. And the maker of electric vehicles and energy systems could rise even higher as EV adoption continues and the company expands. But another likely reason is Big Money lifting the stock.
Multiple factors are making investors in the EV stock very jittery.