Tesla's share price rose nine times in a row: a record since 2021, and its market value soared by 125.5 billion US dollars in May.

CTOnews.com, June 8, Tesla shares closed at $224.57 (CTOnews.com Note: currently about 1601 yuan), rising 1.47% for the ninth day in a row, marking the company's longest consecutive day of gains since 2021, with a cumulative gain of nearly 23%.

In addition, Tesla's market capitalization increased by $125.57 billion (currently about 895.314 billion yuan), or 24.11%, in the past May.

Tesla has had a lot of good news recently. Prior to this, Tesla CEO Musk has just concluded his visit to China, which is also his second visit to China after three years, which is regarded by the outside world as an important signal that Tesla continues to increase the size of the Chinese market.

On the other hand, the US government confirmed on Tuesday that all Tesla Model 3 models are eligible for a $7500 (currently about 53475 yuan) electric vehicle tax credit, which will bring the Model 3 rear-drive version, which originally sold for just over $40000, directly to the $30000 gear, further enhancing Tesla's attractiveness to consumers.

According to previous reports from CTOnews.com, Panasonic recently announced that it plans to expand the production capacity of the electric vehicle battery factory jointly operated with Tesla in Nevada by 10% by March 2026, which also reflects Tesla's confidence in its future sales of electric vehicles.