Tesla's Record Winning Streak Continues

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Bloomberg Jun 13, 2023 15:56 · 17.7k Views

Tesla Inc. shares close up for a 12th consecutive session in its longest winning streak ever. The shares gained 2.2% on Monday, reaching the highest price since Sept. 30. Bloomberg's Ed Ludlow reports.

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Transcript

  • 00:00 Meanwhile, Tesla looking to extend its record rally to a 13th session, coming off another analyst record upgrade, this time from KGI Securities.
  • 00:08 Boosting shares to outperform and writing.
  • 00:10 Tesla's automotive investments in the US are paying off.
  • 00:13 Its AI prowess is underrated.
  • 00:15 Ed Ludo has more.
  • 00:16 Hey Ed.
  • 00:17 Yeah, good morning John.
  • 00:18 We have extended Tesla's streak to a 13th straight session, extending the record run of gains that the stock
  • 00:24 has seen.
  • 00:25 KG is up, KG is upgrade is 1 catalyst.
  • 00:28 There was also a note from Morgan Stanley late on Monday saying that it's time for Tesla to start thinking about a financial services arm so that in the next 9 to 10 million customers that they try to acquire quote, they can give more optionality around monthly lease payments as opposed to outright cash purchases.
  • 00:47 You will also will have seen the news on Monday that a number of charging companies
  • 00:51 in quick succession put statements out saying that they would adopt Teslas North American Charging Standard as an option for their customers at their charging stations.
  • 01:02 That continuing to be
  • 01:04 a
  • 01:04 a point of of focus for Tesla really and what kind of a business they can evolve for themselves
  • 01:09 in opening up their network of of charges fast charges or superchargers to to peers and rivals and and seeing the pressure that some of the the charging infrastructure rivals are under.
  • 01:19 We're up more than 107% year to date.
  • 01:22 Tesla
  • 01:23 A stock
  • 01:24 up 107% year to date and extending that to a 13 straight session which is a record jump.