In case you’re puzzled why Tesla’s stock is up 200% in three months, don’t be. It’s amazing what running a business like a business sometimes can accomplish. Imagine that the faith and hope that animated Tesla bulls is still intact, but the following also happened: Tesla chief Elon Musk stopped relying on government policy to make his company successful. He backed away from selling his Model 3 to the masses at $35,000. Instead, he focused on selling $70,000 versions to high rollers and enthusiasts.

Source: Wall Street Journal February 04, 2020 23:37 UTC