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Sagot :
Answer:
1. The world is shifting to electric vehicles
2. The business is over the profitability hump
3. Optionality could lead to massive new sources of revenue
Explanation
THE EXPLANATION FOR NUMBER 1: In the first half of 2021, global electric vehicle (EV) sales were 2.6 million units. It doesn't sound like a lot. But unit growth was up 160% over the same period last year. That's more than six times faster than the overall auto market.
THE EXPLANATION FOR NUMBER 2:In 2017, famed investor Jim Chanos said about Tesla: "We think the equity is worthless." As silly as the projection looks in hindsight, Tesla CEO Elon Musk has since admitted that the company was about a month away from bankruptcy at the time. Those days are long gone. The company is now solidly profitable with industry-leading gross margins.
EXPLANATION FOR NUMBER 3:
While the company should be praised for the turnaround, many shareholders have their eyes fixed on new markets the company could disrupt. Led by sanguine analysis from Cathie Wood's ARK Invest, and the stock's inclusion in several of ARK's high-profile exchange-traded funds, Tesla now sports a market capitalization of $777 billion.
hope this helps sorry this is alot
It’s fully electric so you save money on gas, even tho it charges long you can charge it while you sleep so it’s ready for you in the morning. It helps the environment because you don’t spoil the air with fuel. It can also drive it self and has safety features so it may prevent you from getting in an accident
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