According to the market analysis report last year, in 2017, Tesla's share price rose by 46%. The reason behind the rise attracted netizens to speculate. What drives this rise?
According to foreign media reports, as the most concerned stock in the automotive industry, Tesla shares rose 45.7% in 2017.
What drives this rise? Although the volatility of Tesla's share price has been high, the company's biggest news last year is likely to be the driving force for this rise, that is, the much anticipated Model 3 is finally on the market.
The Model 3 is a compact four-door sports sedan that starts at $35,000 and is Tesla's first "entry-level" model. More importantly, this is a model that has been highly anticipated by investors and is expected to transform Tesla from a niche luxury electric car manufacturer to a major sales car manufacturer.
But on the road of Model 3's mass production, Tesla suffered a lot of bumps, which led to a lot of difficult times in 2017.
Before the model went on the market in 3 years, there were a lot of questions in the market: Can Tesla fulfill its commitment to this car? After these concerns subsided, Tesla's share price rose rapidly. However, Tesla's share price has been bumpy due to the delay in increasing production capacity.
In the year of 2018, Tesla adjusted its production capacity outlook for Model 3. The company now expects Model 3 capacity to reach 2,500 vehicles per week by the end of the first quarter and 5,000 vehicles per week by the end of the second quarter.
If Tesla is forced to adjust these targets again, its stock price is likely to show another shock in 2018.
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