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Elon Musk Podcast
Tesla Stock Soars Amid Speculation and Strong Chinese EV Market Performance
Jul 2, 2024
Tesla's stock surged over six percent fueled by Elon Musk's social media activity and anticipation of Tesla's Robotaxi. Strong Chinese EV market performance also boosted investor confidence. Musk's AI investments in Nvidia's H100 GPUs for training the Grok chatbot showcase Tesla's tech ambitions.
05:44
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Quick takeaways
- Elon Musk's social media connections hint at potential benefits for Tesla's RoboTaxi unveiling, contributing to the rise in Tesla stock.
- Tesla's extensive AI ambitions, demonstrated by Musk's investments in Nvidia's H100 GPUs for chatbot training, underscore the company's focus on AI development.
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Factors Driving Tesla's Stock Surge
Tesla's stock has surged by about 19% in the last month, with multiple reasons contributing to this increase. Speculation links the stock climb to Elon Musk's social media connection with Uber founder Kalanick, known for his success in the ride-sharing platform industry. Tesla aims to unveil its RoboTaxi soon, leading to theories that insights from Kalanick could benefit Tesla. Additionally, the growth of the Chinese electric vehicle market and expectations for Tesla's Q2 delivery numbers have bolstered investor confidence.
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Discover
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