Hyperdrive
Tesla’s $310 Billion Surge Sets High Bar for Elon Musk’s Master Plan
Affordability and autonomy have eluded Elon Musk. Expect him to say his company can finally deliver both in its next phase of growth.
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Tesla’s stock tends to do well when the electric-car maker is growing like gangbusters and Elon Musk is thrilling fans about a brighter future.
The chief executive officer has shaken off a forgettable 2022 of slower expansion and Twitter diversion by slashing prices and scheduling another showcase of Tesla’s outlook for the next few years. The moves have worked, at least for the time being. Demand picked back up after Tesla discounted models across its lineup by as much as 20%, and the Musk faithful are frenzied about the master plan he’ll deliver Wednesday at the company’s factory in Austin, Texas.