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In just under six months, Tesla's titles have gone from depression to ecstasy. On Wednesday they reached a record high spurred by the possibility of a 20% reduction in the price of their Model 3 in China, lengthening the streak that began with the surprising good results of its third quarter. Since last October 23, the revaluation has been 54% to $ 393 that was paid for each action at the end of the day on Wall Street.

The record strengthens the company founded by Elon Musk as the first power of the automotive sector in the US by market capitalization, with 70,000 million dollars, a long distance from General Motors - valued at 54,000 million dollars - and Ford (38,000 million Dollars). It is a throne that he already had in 2017 and that he lost due to his many production problems with his most popular vehicle, the Model 3.

The explanation to the current uptrend has to do, in part, with the progression of Tesla in China, where its new Shanghai plant has advanced to forced marches in order to be ready to produce large-scale electric vehicles next year . The idea is to stand up to the competition in the Asian giant, where low-priced electric proposals have proliferated in recent years. Musk has high hopes in Shanghai to achieve exponential growth of its benefits, in addition to consolidating against the threat of brands such as Mercedes and BMW.

In addition, Musk announced that they will advance the premiere of their hybrid, the Model Y, a few months, from autumn to summer 2020, expanding a fleet that just added one more member a few weeks ago: the controversial and powerful Cybertruck, a pick-up which managed to exceed 250,000 orders in its first days after its presentation in society.

During the day on Wednesday, the titles reached $ 395, only 6.5% below the 420 dollars that Musk talked about when he flirted with the idea of ​​privatizing the company again and that ended up costing him a litigation and a fine of $ 20 million by the US Securities and Exchange Commission (SEC).

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