I honestly can’t figure out why it would occur like that. The stock was flat until that day. Did Biden do something to boost it? I think it’s a puzzle that someone smarter than me on Bluesky might explain. Ok? - ThreadSky

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anng-ca.bsky.social • 112 days ago

I honestly can’t figure out why it would occur like that. The stock was flat until that day. Did Biden do something to boost it? I think it’s a puzzle that someone smarter than me on Bluesky might explain. Ok?

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jerricawerner.bsky.social•112 days ago

One of the biggest barriers to EVs becoming more ubiquitous is the lack of infrastructure, such as charging stations, that exist for EVs.

jerricawerner.bsky.social•112 days ago

When Biden came into office he was pretty clear he was going to be pushing clean energy initiatives - meaning that he was likely to encourage the investment in that infrastructure - making EVs more competitive, which is good for Tesla.

jerricawerner.bsky.social•112 days ago

Investors saw that governmental policies under Biden were going to be favorable to Tesla, so the stock went up.

jerricawerner.bsky.social•112 days ago

That is at least my understanding - I'm certainly not an expert, and certainly wouldn't say that I'm smarter than you

anng-ca.bsky.social•111 days ago

I googled it. They added TSLA to the S&P 500 in August 2020, that gave investors more confidence. They also released the Model Y that only cost about $50k. Thats it.

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