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2 comments
To me, this suggests that the bad news was already priced-in. The announcement about cheaper cars is a game-changer for Tesla, and the market appears to be focussing on the upside revenue potential for now.
I agree, the market's reaction seems to be driven by optimism about long-term growth. I would keep an eye on their production capabilities and any updates on their supply chain. If they can scale efficiently and maintain their margins, this rally could have legs.