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Tesla share price: Why stocks are rising despite fewer car sales – NEWS.com.au

Tesla share price: Why stocks are rising despite fewer car sales

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Teslas share price has been doing extraordinary things in recent times. Since the start of the pandemic, it has gone up around five-fold. The total value of the electric car company is now bigger even than the value of Toyota. Even though Toyota makes and sells 9 million cars a year and Tesla sells about 4 per cent as many as that.Today, Tesla released its financial results for the last three months. Like many people I was looking forward to them to see if they could explain the rapid quintuplin…

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