[martythemaniak]

Well, TSLA is a very sentiment-heavy stock, so it's hard or impossible to say what exactly caused this recent run.

For example, they've been guiding Q3 and Q4 profitablity since ~Q2 or earlier. They started building the Shanghai factory in Q1, the Model Y was announced in March, the Truck's been talked up since forever, etc.

What's really changed is that the Taycan is no longer a mystery, but a real car with a real price tag and real range. The ID.3 is almost-real and struggling with software issues. The E-Tron, new Leaf, new Bolt, etc have real sales figures. When these were unknowns, you could be reasonably skeptical of Tesla's claims, but that's increasingly untenable.

Or, as the great Silicon Valley philosothoughtleader Russ Hanneman said: https://www.youtube.com/watch?v=BzAdXyPYKQo