Tesla is on a roll. Literally and also figuratively.
The company’s recent share price movement, adding billions to Elon Musk’s wealth overnight, and the company’s recent announcements and launches, have put the company firmly on the electric vehicle track again.
There have also been recent items of the company raising more capital.
It will be interesting to see how this capital is employed. Tesla is moving on multiple e-mobility fronts. In addition to its main electric car models, the company has also recently ventured into electric trucks (the cybertruck). Of course, the other key dimension of Tesla has been its focus on batteries and building giga-factories to make Li-ion batteries for its electric vehicles. Finally, it needs to be seen how Tesla allots capital to high end R&D and innovations in electric vehicles which might not see commercialization right away but could be required for the company to keep ahead of the competition.
The next few months will be crucial to Tesla in ensuring that it keeps the lead or widens it over other auto makers. Large capital infusions will hence be indeed welcome news for the company.
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