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The last few weeks have seen an unprecedented influx of money into Tesla's stock, the highest percentage increase in its history over a similar timeframe. Reports from Bloomberg underscore that despite ongoing bad PR, the company's order numbers have remained relatively stable, with Gary Black highlighting that orders are trending positively in the face of protests.
Understanding Market Dynamics
The general market sentiment appears mixed, but the overall business climate shows signs of recovery. Recent reports indicated a slight year-over-year decline in Tesla's orders, particularly for the Model Y, which has seen reduced inventory leading to customer delays in delivery. However, Black emphasizes that this stagnation does not fully represent the health of Tesla's brand or product demand.