Tesla’s record run drives nearly $200 billion jump in value

Tesla’s stock is on track to more than double this year, thanks to several positive developments. The electric vehicle company has seen an 11-day run of good news, adding over $194bn to its market valuation. The return of bullish market conviction and GM’s announcement that it will adapt its EVs to Tesla’s Superchargers also helped boost Tesla’s recent gains. In addition, Tesla has been helped by all of its Model 3 sedans becoming full eligible for a US tax credit and its AI tech catching the investment community’s attention.

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