Only a little over a week into the third month of the new year and the stock market has already seen a lot of changes this year. Tesla motors is one of the biggest green energy based companies on the public radar. Their automobiles represent an opportunity for a global shift away from fossil-fuels. Their clean energy commitment has put them in stark contrast to many of the automotive companies who suffered most during the recession of 2008. Yet, so far this year Tesla has seen its stock value take a steep dive of over thirty percent before recoiling to jump back up over twenty-six percent in just a few weeks.
The final months of 2015 were rough on a lot of different industries. A recall on some 80,000 Model S sedans late in 2015 played a role in the temporary depreciation of Tesla’s stock value. The fall freeze on many Chinese markets also made investors wary that the market was in for a larger upheaval. On top of that, Faraday Future released its first concept car to the public late last year. The introduction of a competing company while the demand for tesla motors ev electricity is still growing left investors asking themselves whether there was room in the market for more than one manufacturer.
Bringing some resolution to that question, Tesla rebounded from its headlong slide in mid-February. The value of the stock has returned and continued to climb as good news for the company has emerged. Earlier this week reviews from companies who test drove the new Tesla Model X at the Geneva motor show arose. Their favorable views of the new SUV have restored buyers enthusiasm to a degree.
In other positive news for Tesla and Musk, they appear to be working their way into an industry that is valued at almost five-hundred billion dollars. Whether or not this is connected to Musk’s promise to add 4,500 jobs over the next four years is yet to be seen. Either way, some experts are predicting that Tesla has the opportunity to grow far beyond where it is now. You can guarantee Wall Street experts will be keeping a close eye on any more dramatic shifts in the stock as they develop.
The post Looking Forward for tesla motors ev electricity appeared first on In Gear Online.