Stock Track | Tesla Jumps 5% as New Shanghai Megafactory Nears Completion, EV Shares Rally

Stock Track12-24 23:58

Tesla Inc. (TSLA) shares soared 5.04% in intraday trading on Tuesday, outperforming the broader market as the electric vehicle (EV) giant made progress on its expansion plans in China.

According to local media reports, Tesla's massive Megafactory in Shanghai is expected to be completed by the end of this year, with production set to begin in the first quarter of 2025. The Megafactory, which will primarily produce Tesla's ultra-large Megapack commercial energy storage batteries, is seen as a crucial component of the company's global growth strategy.

The positive news regarding Tesla's Shanghai facility coincided with a broader rally in EV stocks on Tuesday. Shares of EV makers like Lucid Group, Nio, Rivian, and Xpeng all gained over 2%, fueled by optimism surrounding the industry's long-term prospects and the potential for increased adoption of electric vehicles.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1130787674?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-24 23:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1130787674","market":"hk","top_or_hot":-1,"title":"Stock Track | Tesla Jumps 5% as New Shanghai Megafactory Nears Completion, EV Shares Rally","media":"Stock Track","content":"<p>Tesla Inc. (TSLA) shares soared 5.04% in intraday trading on Tuesday, outperforming the broader market as the electric vehicle (EV) giant made progress on its expansion plans in China.</p>\n\n<p>According to local media reports, Tesla's massive Megafactory in Shanghai is expected to be completed by the end of this year, with production set to begin in the first quarter of 2025. The Megafactory, which will primarily produce Tesla's ultra-large Megapack commercial energy storage batteries, is seen as a crucial component of the company's global growth strategy.</p>\n\n<p>The positive news regarding Tesla's Shanghai facility coincided with a broader rally in EV stocks on Tuesday. Shares of EV makers like Lucid Group, Nio, Rivian, and Xpeng all gained over 2%, fueled by optimism surrounding the industry's long-term prospects and the potential for increased adoption of electric vehicles.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Tesla Jumps 5% as New Shanghai Megafactory Nears Completion, EV Shares Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Tesla Jumps 5% as New Shanghai Megafactory Nears Completion, EV Shares Rally\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-24 23:58 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc. (TSLA) shares soared 5.04% in intraday trading on Tuesday, outperforming the broader market as the electric vehicle (EV) giant made progress on its expansion plans in China.\nAccording to ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"","article_id":"1130787674","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130787674","pubTimestamp":1735055915,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Tesla Inc.  shares soared 5.04% in intraday trading on Tuesday, outperforming the broader market as the electric vehicle  giant made progress on its expansion plans in China.According to local media reports, Tesla's massive Megafactory in Shanghai is expected to be completed by the end of this year, with production set to begin in the first quarter of 2025. The Megafactory, which will primarily produce Tesla's ultra-large Megapack commercial energy storage batteries, is seen as a crucial compone","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":null,"themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1},"content_text":"Tesla Inc. (TSLA) shares soared 5.04% in intraday trading on Tuesday, outperforming the broader market as the electric vehicle (EV) giant made progress on its expansion plans in China.\nAccording to local media reports, Tesla's massive Megafactory in Shanghai is expected to be completed by the end of this year, with production set to begin in the first quarter of 2025. The Megafactory, which will primarily produce Tesla's ultra-large Megapack commercial energy storage batteries, is seen as a crucial component of the company's global growth strategy.\nThe positive news regarding Tesla's Shanghai facility coincided with a broader rally in EV stocks on Tuesday. Shares of EV makers like Lucid Group, Nio, Rivian, and Xpeng all gained over 2%, fueled by optimism surrounding the industry's long-term prospects and the potential for increased adoption of electric vehicles.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1130787674"}