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Wall Street Is Beyond Obsessed With Tesla's Founder Elon Musk — Here Are the Biggest Reasons Why

  • Here comes Tesla's (TSLA) hotly anticipated Model 3.

    The Model 3 has passed regulatory production requirements and the first cars will be on roads by July 28, its founder Elon Musk said Monday.

    In a series of Tweets, Musk said the Model 3 has passed all regulatory requirements two weeks ahead of schedule and it is "expecting to complete SN1 on Friday", a reference to what could be the first model off the production line.

    The date is likely to give Tesla's excited investors some degree of comfort. Tesla's shares have risen about 70% this year, and 21% in the past three months.

    Despite the car manufacturer's lack of profit, the excitement surrounding the company's developments and products continues to fuel its overall growing share price.

    Here are 21 reasons investors are enthusiastic about Tesla.

  • Model 3

    Tesla will start delivering the Model 3 on July 28, with 5,000 vehicles per week going to consumers by the end of the year and 10,000 per week in 2018. A new model means more sales, especially as the Model 3 is meant for the mass market.

  • At a starting price of $35,000, the Model 3 is the most affordable Tesla vehicle yet. A cheap price could hook people into the Tesla brand.

  • Ramping Up Production

    The company has a goal of producing 500,000 cars a year in 2018. More cars produced, lower costs and finally, profits.

  • The Model X was the first SUV given a five-star safety rating in every category measured by...