Tesla stock jumped over six percent on Monday morning, continuing gains that have the electric vehicle maker’s stock up over 19 percent so far in the past month.
There is speculation as to why Tesla shares continue to climb into this week, and some believe it is because CEO Elon Musk followed Uber founder Travis Kalanick just over one month before the company is set to unveil its Robotaxi on August 8.
However, he has an established and proven track record of developing a ride-sharing platform, which is what Tesla eventually wants to turn its Robotaxi into based on past revelations on an app and other quotes made by Elon Musk.
However, Tesla is in between two growth waves as its next-generation platform and its Robotaxi will likely propel the company to more growth in the future.
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Tesla stock jumps and some think it’s because of this Elon Musk move