Tesla stock has increased over the last two days on the news about the imminent release of the updated design Cybertruck, which may further increase pre-orders for pick-up. In addition, preliminary preponderance of the vote in favor of the US Joe Biden reflected a growth spurt in the shares of all automakers.
Shares of Tesla (TSLA) rallied 406,7% since the beginning of the year, rose 5.7% on Monday and by 5.84% on Tuesday’s close of trading (growth in the course of trading on Tuesday reached 24,5%), resulting in a market capitalization jumped by $23 billion to $425 billion.
The growth of Tesla stock on Monday was preceded by the news that the company is preparing to submit an updated design of its futuristic big pickup Cybertruck about “a month or so”. This was announced by Tesla CEO Elon Musk on Twitter (TWTR), has also approved the proposal of the emergence of Cybertruck in matte black and several colors with heat treatment.
In September, Musk said that the company had “over half a million orders” on pickup, if the design will be improved, the number of pre-orders could grow.
Tesla plans to produce “pickups from the future”, as Musk calls them on construction of the Gigafactory factory Austin in Austin, Texas.
“Team Tesla Texas is making great strides! The plant Giga Texas [to be a lot of work in order to surpass all the others],” wrote Musk, using coarse slang.
Last month during a call with analysts gene. the Director said that the company hopes to start some supplies Cybertruck by the end of next year “if all goes well.”
“I would say that in 2022 will probably be a lot of supply and some to the end of next year, if things go well,” Musk said.
At the same time, the management of Tesla has warned that the increasing production volumes Cybertruck “to significant amounts” necessary to solve the problems associated with the production of battery cells. Tesla is negotiating with major suppliers of materials for the manufacture of batteries, as plans its own production.
Elon Musk also announced plans to begin testing the full beta version of the software for Autonomous control of Tesla in Canada and Norway, which “will be next after we leave [the United States] from an early beta!”.
The victory of Biden could become a factor in the market growth of electric vehicles in the United States
On Tuesday, Tesla shares rose as shares of other manufacturers of electric vehicles, as well as companies related to renewable energy, and traditional automakers such as Ford (F), General Motors (GM) and Fiat Chrysler Automobiles (FCAU).
Analysts attributed this growth preliminary estimates of the votes of all Americans in presidential elections of the USA on 3 November, which showed the preponderance of votes in favor of Joe Biden.
Former Vice-President of the United States has repeatedly spoken in favor of efforts to protect the environment and support the renewable energy industry. The election program of the Biden provides $400 billion public investment in the sector clean energy, stricter environmental regulations for companies and the construction of more than half a million charging stations for electric vehicles by 2030.
When Donald trump government grants for such environmental programmes were on the contrary reduced, and environmental regulations that will likely continue if he is reelected.
“Trump is considering environmental regulations as obstacles to economic growth, while Biden supports their use to achieve its broader goals, especially the goal of combating climate change,” considers Christine Dziczek, Vice President of industry, labor and the economy Center for automotive research.
