Tesla has gone down on the index by a few points but is gearing up to launch a new plant in Europe for faster production and delivery of EVs in the industry.
According to the latest news on Tesla, it was seen that the auto making giant experienced an apparent downfall on the shares of the company where the stock was seen going below its stable value by 2.82 points, which brought the share price to be recorded at $260.3.
Tesla stock has been carrying out an aggressive sales shares on the index for quite some time now and for the past 52 weeks, it was seen that the movement of the stock was seen to be at 4.75%.
Apart from this, the smart carmaker has also recorded highest Tesla company stock price of the fiscal year at a value of $286.65, which showed a very positive side of the sales that the company is capable of doing. The lowest share value, on the other hand, has come around to be at $181.4 so far.
In other Tesla Stock News, it was seen that the electric carmakers went up on the stock when it announced the commencement of a new electric car producing plant in Netherlands, in the Tilburg region. This step of the firm is being taken as an initiative taken by the automakers to make sure that it meets the need of the increasing demand of electric vehicles that has slowly began to emerge in the market.
This is the first production plan that Tesla is carrying out in the European region and it believed by the analysts that this is going to go a long way for the giant in the long run. Since the CEO of the company, Elon Musk, announced that by the year 2020, he expects to have a massive delivery rate being carried out by the giant, this new plant in another part of the world was in fact quite necessary.
The new plant is all set to make all the important Tesla models that have so far launched in the market. This is done in order to speed up the rollout of electric cars on the roads before the 2020, as that is when the company wishes to see as many EVs it can provide in the industry.
For all the new orders that come along to the auto giant, this plant will help production and delivery of the vehicles in a much more civilized and faster manner making it easier for the firm to fulfill its dream of spreading out EVs on a massive level.
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