Tesla up another $10 in After hours on GM news (Patreon)

What a year

Major news update in the Tesla world - after the huge CyberTruck news today

Tesla's CEO, Elon Musk, and GM's CEO, Mary Barra, have recently struck a significant agreement. As per the agreement, GM will adopt Tesla's North American charging standard (NACS) and grant GM customers access to an extensive network of over 12,000 Tesla Superchargers located across the United States and Canada.

This development solidifies Tesla's NACS as the primary standard for not only Tesla vehicles but also GM and Ford. This collaboration highlights the growing importance of standardized charging infrastructure in the electric vehicle industry, facilitating seamless charging experiences for customers of different automotive brands.

I WONDER HOW MUCH TESLA WILL GET OF THIS $174 BN PIE

The Biden administration has proposed significant investments in charging infrastructure for electric vehicles (EVs) in the United States. The infrastructure plan put forth by President Biden includes an allocation of $174 billion towards the EV market, which encompasses various aspects such as charging infrastructure development, research and development, and domestic manufacturing of EVs and components.  Specifically, the proposed funding aims to deploy a nationwide network of 500,000 EV charging stations by 2030. The plan also includes investments in battery technology, tax credits for EV purchases, and support for domestic manufacturing of EVs and charging infrastructure equipment.

LAYERING OUT

The Layer Out Model identifed $240 as a first potential layer to take profits, Tesla was trading well under 200 at the time and people thought it was nuts.  But I always stressed the following -  I believe Tesla will hit 350 to 400 in a year.