A look into the ‘Tesla’ Search TrendWith all the hype surrounding the introduction of Tesla’s Model 3, I thought it worthwhile to revisit Tesla’s search trend. Bloomberg news reported that reservations on the Model 3 have now surpassed “…total sales of all previous Tesla cars combined.” At the same time Google search trends registered the largest number of weekly worldwide searches for the term ‘Tesla’ ever. But what does this all mean for the financial fortunes of Tesla? and can we infer anything meaningful from Google search trends?
https://trendvesting.wordpress.com/2016/04/04/revisiting-tesla-search-trend/
With the information available, it would be hard to say that a new trajectory has been established until more search data becomes available. As noted earlier, in the case of ‘Tesla’ search spikes, they are not very effective indicators of a change in trajectory and are most likely a signal of a continuation of the existing trend. The existing trend is a very healthy one for the Tesla brand, but does not appear to give us any new information that isn’t already known about the company at this point. Suffice to say, we’re keeping an eye out on the trend.