KEY POINTS

  • Tesla stock rose for the last six days straight
  • With a cryptic tweet, founder Elon Musk kept the momentum going into Tuesday

What’s going on with Tesla stock

On Tuesday, Tesla (NASDAQ:TSLA) shares jumped 2.5% as of 12:45 p.m., thus marking the sixth day in a row that Tesla stock has continued to rise. The electric vehicle (EV) stock’s continued rise may be due to CEO Elon Musk’s tweet on Monday.

READ: TESLA STOCK KEEPS MOTORING HIGHER

Why we care

Musk tweeted an enigmatic and grammatically challenged message on Monday evening, saying “Main Tesla subjects” [whatever those are] will be scaling to extreme size, which is needed to shift humanity away from fossil fuels, and AI.”

It’s not entirely clear what Musk was trying to convey by this tweet. And, since Tesla eliminated its public relations department two years ago, it’s challenging to get answers. On the other hand, adopting electric vehicles and solar power panels in order to “move humanity away from fossil fuels” has long been one of Musk’s aims; there’s no mystery about that.

However, he may also suggest that he wants to move us away from artificial intelligence. AI is a technology he’s expressed considerable reservations about in the past.

Or, is he hoping to employ AI to speed up the transition away from fossil fuels, such as by continuously improving Teslas’ full self-driving capability?

It is likely the latter; however, it isn’t completely clear.

What now

What is clear is that in a tweet to investors last week, Musk said he was “working on Master Plan Part 3,” implying that something big is on the way. We know that whatever it is, Musk considers it to be of “extreme size.”

Whatever he’s up to certainly sounds like something that can keeping moving growth stock Tesla higher. And we’re already seeing the movement today. So keep an eye out for further information – whenever Musk gets around to sharing it.

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