Many would think that any vehicle-related product or market would drop in sales during the pandemic. However, Tesla has been staying strong and keeping investors happy.
When interviewed on Automotive News’ Daily Drive Podcast, CEO Elon Musk made a statement about how Tesla remained strong during the pandemic:
“We saw strong orders through the whole pandemic. We still had a good order volume. I guess people are less inclined to want to go to a dealership, do the test drive and hang out in the lobby and that kind of thing.”
It appears that customers are warming to the idea of shopping online, as it is more convenient and efficient. As reported by Reuters, Tesla shares went up by 240% from the beginning of the year. Musk noted that share prices were quite high, and were around $1,454 last Friday.
In fact, the demand for the Tesla Model 3 Sedans has grown in China, with the vehicle being manufactured in Giga Shanghai. Tesla is interested in expanding their workforce here, as shown by their recent hiring spree for Giga Shanghai.
Tesla is still on track to continue their other projects. The company seems to constantly be on the lookout for the best places to set up their next Gigafactory.
