There's something about the number 12.
We've got 12 months of the year, 12 signs of the Zodiac, 12 stations of the Moon and of the Sun, the 12 days of Christmas, and the 12 Apostles, just to name a few.
DON'T MISS: Tesla Stock: Buy the Dip but Use Caution
And now there's another potential addition to the dozen club.
StockMKTNewz, a Twitter account dedicated to reporting on the stock market wrote on June 12 that Tesla (TSLA) "is now on pace for its 12th consecutive green day which would be its longest winning streak of all time."
Shares were up nearly 2% to $249 at last check. The all-time high Tesla stock closing price was $409.97 on November 4, 2021.
There's no doubt that the world's largest EV maker has been on a roll lately.
KGI Securities analyst Jennifer Liang, who upgraded Tesla from neutral to outperform with a $335 price target, had a whole laundry list of glad Tesla tidings to justify her faith in the company.
She said that General Motors (GM) and Ford (F) would be gaining access to Tesla's supercharging network, something that Cathie Wood, CEO and investment lead of Ark Invest--and a long-time Tesla fan--told CNBC was “great for America and our transition to the electric future.”
Praise from Wall Street
"Higher utilization of Tesla's Supercharger network will certainly speed up returns from the firm’s sizable upfront investments, which will be accretive to revenue and earnings," Liang said in a research note, according to Investing.com.
In addition, Liang said in a note to investors "the price of the Model 3 RWD has fallen to $20-25k in certain states after federal, state, and local incentives are applied, making it competitive with popular ICE sedans."
Then there's Tesla's expansion Gigafactory Nevada, where 4680 battery cells will be produced, and Panasonic announced it is expanding cell capacity by 10% at Gigafactory Nevada.
Last week, longtime bull Dan Ives of Wedbush was equally impressed with Tesla's turnaround, as he boosted his price target for Tesla from $215 to $300, reiterated his outperform rating, and put the company back on the Best Ideas list.
He had cut Tesla from the list in November, citing CEO Elon Musk's acquisition of Twitter, which he described as an albatross around the company's neck.
Ives was so impressed that he said CEO Elon Musk and his company "are playing chess while other automakers are playing checkers in this broader EV green tidal wave."
Aiming for the 'ChatGPT Moment'
And then there's the subject of artificial intelligence, where Musk said Tesla will have a "ChatGPT moment" with self-driving cars.
Musk, who has been promising self-driving vehicles since 2016, said in a May 16 interview with CNBC that Tesla's AI efforts are so advanced that "I'm not even sure who's second, frankly."
"I think we will have sort of a ChatGPT moment if not this year I'd say no later than next year," said Musk, who created a new AI company, X.AI Corp. "Suddenly, 3 million cars will drive themselves...and then five million cars and then 10 million cars."
Musk, you may remember, was among those signing a letter demanding a pause in artificial intelligence research.
During last month's interview, he said that he knew the effort "would be futile," but wanted go on the record that he recommending pumping the brakes on this rather spooky technology.
"It's very much a double-edged sword," he said. "I think it's there's a strong probability that it will make life much better and that we'll have an age of abundance."
"And there's some chance that it goes wrong and destroys humanity," he added. "Hopefully that chance is small but it's not zero and so I think we want to take whatever actions we can think of to minimize the probability that AI goes wrong."
