With the 3:1 stock split making Tesla stock more affordable for more retail investors, I'm bullish for Tesla. And latest news of California banning new gas car sales by 2035, it will only increase the demand for Tesla as Tesla is the industry leader in the EV space.
California has a massive economy, ranking as the world's fifth largest if it were a sovereign nation.
Starting in 2026, 35% of new passenger cars, SUVs and small pickup trucks sold in California would have to be zero-emission vehicles.
This would most definitely drive sales of Tesla upwards.
Source : https://seekingalpha.com/news/3876554-ev-age-california-set-to-ban-new-gas-car-sales-by-2035
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