Confounded stock analysts

[bwilson4web]

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