{"id":18991,"date":"2024-12-27T14:02:18","date_gmt":"2024-12-27T15:02:18","guid":{"rendered":"http:\/\/medexperts.pro\/?p=18991"},"modified":"2024-12-27T15:27:06","modified_gmt":"2024-12-27T15:27:06","slug":"teslas-stock-is-soaring-even-as-its-car-sales-sag","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=18991","title":{"rendered":"Tesla\u2019s Stock is Soaring Even as Its Car Sales Sag"},"content":{"rendered":"
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Sales of the company\u2019s cars are flagging, but investors are focusing on the potential of autonomous driving and Mr. Musk\u2019s ties to President-elect Donald J. Trump.<\/p>\n

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Tesla\u2019s sales of electric cars have stalled. But Wall Street investors don\u2019t seem to be worried.<\/p>\n

The company\u2019s share price has risen 90 percent since early November as investors have taken an optimistic view of the company\u2019s progress in autonomous driving and bet that its chief executive, Elon Musk, will use his new influence in Washington to Tesla\u2019s benefit.<\/p>\n

The increase in the value of Mr. Musk\u2019s 13 percent stake in Tesla has cemented his status as the richest person on the planet. After spending more than $250 million to support Donald J. Trump, he has become so close to the president-elect that some people have begun referring to him as \u201cco-president.\u201d<\/p>\n

Still, stagnant sales at Tesla do not bode well for the company or for overall sales of electric vehicles, which are seen as an essential tool against climate change. While carmakers like General Motors and Hyundai are offering a growing selection of electric vehicles, Tesla still accounts for almost half of all electric car sales in the United States and sets the tone for technology.<\/p>\n

Mr. Musk has been vocal about many topics on X, the social media platform he owns. He regularly discusses government spending he believes is wasteful, immigrants he blames for crime and his conviction that \u201cwoke mind virus is one of the biggest threats to the existence of humanity.\u201d<\/p>\n<\/div>\n<\/div>\n

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But he is largely silent about plans to revive Tesla\u2019s sales, providing few details about a new budget-priced car that may sell for as little as $25,000. The company has promised to begin selling a more affordable vehicle by mid-2025 to bring electric driving within reach of the middle class.<\/p>\n

Tesla and Mr. Musk did not respond to requests for comment.<\/p>\n

Some analysts wonder whether he has lost interest in cars as he juggles numerous other activities. They include X; SpaceX, the federal government\u2019s main rocket contractor; and his role as co-head of a newly formed Department of Government Efficiency, which will advise Mr. Trump on slashing federal spending.<\/p>\n

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Sales of the company\u2019s cars are flagging, but investors are focusing on the potential of autonomous driving and Mr. Musk\u2019s ties to President-elect Donald J. Trump.Tesla\u2019s sales of electric cars have stalled. But Wall Street investors don\u2019t seem to be worried.The company\u2019s share price has risen 90 percent since early November as investors have taken an optimistic view of the company\u2019s progress in autonomous driving and bet that its chief executive, Elon Musk, will use his new influence in Washington to Tesla\u2019s benefit.The increase in the value of Mr. Musk\u2019s 13 percent stake in Tesla has cemented his status as the richest person on the planet. After spending more than $250 million to support Donald J. Trump, he has become so close to the president-elect that some people have begun referring to him as \u201cco-president.\u201dStill, stagnant sales at Tesla do not bode well for the company or for overall sales of electric vehicles, which are seen as an essential tool against climate change. While carmakers like General Motors and Hyundai are offering a growing selection of electric vehicles, Tesla still accounts for almost half of all electric car sales in the United States and sets the tone for technology.Mr. Musk has been vocal about many topics on X, the social media platform he owns. He regularly discusses government spending he believes is wasteful, immigrants he blames for crime and his conviction that \u201cwoke mind virus is one of the biggest threats to the existence of humanity.\u201dBut he is largely silent about plans to revive Tesla\u2019s sales, providing few details about a new budget-priced car that may sell for as little as $25,000. The company has promised to begin selling a more affordable vehicle by mid-2025 to bring electric driving within reach of the middle class.Tesla and Mr. Musk did not respond to requests for comment.Some analysts wonder whether he has lost interest in cars as he juggles numerous other activities. They include X; SpaceX, the federal government\u2019s main rocket contractor; and his role as co-head of a newly formed Department of Government Efficiency, which will advise Mr. Trump on slashing federal spending.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":18993,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-18991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/18991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18991"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/18991\/revisions"}],"predecessor-version":[{"id":18994,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/18991\/revisions\/18994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/18993"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}