If anyone has been paying attention to the stock market lately, you may be hearing alot about Tesla or TSLA if you're wondering what the ticker is. Recently Tesla announced the construction of a new massive production planted dubbed Gigafactory 3, in Shanghai, China. This plant will fill demand for Tesla's China market which is in high demand due to China's smog problem and other regulations implemented by state run entities.
I wanted to touch on this stock but what Tesla's stock has done in the last year has been remarkable. On June 3, 2019, Tesla's stock closed the day at approximately $178. Fast forward to January 22 in which it closed at $564.26. In the span of a little over 6 months, Tesla's stock is up 216%. The reason I wanted to acknowledge this stock is because back during the summer months, many people counted Tesla out due to how fast they were burning through cash and uncertainty with the company's future. For investors who had a forward looking mindset, you may have saw the impending demand for electric vehicles on a global scale due to worldwide pollution. I am not implying that this was a given but the purpose of this blog was to remind you to be forward thinking when considering investments. Don't just think about that what is the hot product/service today.