Source: https://finance.yahoo.com/news/tesla-shares-rally-no-reason-205042447.html Kirsten Korosec and Alex Wilhelm,TechCrunch•August 17, 2020 Tesla shares surpassed $1,800 for the first time today, the latest in an eye-popping run up of the stock that has propelled the company's valuation to more than $341 billion. ... There doesn't appear to be any fundamental reason why Tesla's shares rose more than 11.2% today to close at $1,835.64. ... The reason they are confused is: Giga-Shanghai - doubled Tesla's manufacturing capacity and is online. Giga-Berlin - the foundation is laid, walls are going up, and part of the roof. Giga-Austin - the land is scraped and deep piles going in to support the body shop. Tesla is increasing their production capacity by more than a factor of four. The extra comes from 'lessons learned' including reconfiguring Fremont in a brief shutdown to reduce the cost of the Model 3 and Model Y. Bob Wilson
