Tesla Reaching New Highs: Automotive Industry Stocks Soaring, What Have You Bought?
@MillionaireTiger:
Tesla's stock soared for 12 consecutive days, matching the record high from January 2021, with market cap surging over $200 Billion.Increased value of its charging networkA major contributing factor to this significant surge is the announcement by $General Motors(GM)$, the largest U.S. automaker after Ford, that starting from 2025, they will install Tesla's charging ports, known as the "North American Charging Standard" (NACS), in their electric vehicles instead of the industry-standard "Combined Charging System" (CCS). GM will also share access to Tesla's Supercharger network.Furthermore, Tesla announced that all its Model 3 vehicles are eligible for the full $7,500 tax credit under the new standards set by the U.S. Department of Treasury.Specifica