Tesla shares are on pace for their thirteenth-straight winning session. Yahoo Finance autos reporter Pras Subramanian explains what is driving the stock and and the latest reports on the production of the long-awaited Cybertruck.

Video Transcript

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DIANE KING HALL: Shares of Tesla trading higher today, up about 3% at the moment, on track to extend a record run to another day in a row. Yahoo Finance's Pras Subramanian joins us with the story. Is this all about the charging network, Pras?

PRAS SUBRAMANIAN: Some of it, yeah, a big part of it for sure. I mean, we're talking about a 13-session win streak here, longest on record. Stock up 40%, over 40% during that time. I mean, a huge run up in just 13 sessions, like I said. Stock up over 100% this year. So, like you said, yes, big part of it. Those charging deals we saw that in the last week where GM and Tesla struck that deal for GM to use those networks, those plugs.

They're going to have those Tesla plug-in their cars starting 2025, follows the deal from two weeks before. Ford was kind of surprised when Ford did it. Even more surprising that GM kind of followed in their footsteps because at that point, the user customer data showing that yeah, customers do want that. But a big part of it, yeah, that.

But also, the general overall tech trade lately, a lot of optimism for the Fed rate pause, right? A bullish data this morning for the CPI. So that's all part and parcel to that big check trade, that big momentum. High valuation, high growth tech stocks, so tell a big part of that.

SEANA SMITH: And certainly, working in the favor here of Tesla investors. But Pras, there was some troublesome headlines that came out about the Cybertruck. What are we learning there and how do you think that this could potentially maybe disrupt the timeline of this debut, if at all?

PRAS SUBRAMANIAN: I was surprised that this didn't give it a kind of a roadblock here for shares, right? So basically, a German newspaper published some basically leaked reports from the company talking about how they're concerned about the Cybertruck and its sort of basic operations like suspension, body sealing, noise levels, handling, braking. They were not happy with the truck's performance.

The Wired kind of looked at these reports and spoke to some experts and the experts said, you know, Tesla has the money to address these concerns. They can do that. But they were shocked at this late in the game. The truck was having this many problems. So kind of a concern there, but not for the stock. I mean, like I said, up 13 days in a row. Big moves there. And I think it's just investors are all systems go at this point, even for the Cybertruck.

DIANE KING HALL: Yes, even if the Cybertruck is not necessarily all systems go. The stock is certainly all systems go. Pras Subramanian, thanks to you as usual.