Enlarge (credit: Aurich Lawson vs Disney) Elon Musk has become the world’s richest man, surpassing previous record-holder Jeff Bezos, according to CNBC. Musk is now worth more than $180 billion. Musk’s rising wealth reflects the meteoric rise of Tesla’s stock. The company’s share price closed at $816 on Thursday, up almost 8 percent for the […]
Tesla now commands a bigger market valuation than social-media giant Facebook, with the latest jolt to the electric-vehicle maker’s share price coming from the capitulation of a long-time Wall Street bear on Thursday. Elon Musk-led Tesla has been on a stunning run over the past year, recording a 743% gain in its stock in 2020 […]
Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. The South Africa-born engineer’s net worth […]
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Last Friday, China’s Ministry of Finance cut subsidies for electric vehicles (EVs) by 20% this year, as sales of so-called new energy vehicles (NEVs)—a category covering hybrids, plug-ins and hydrogen-powered autos—regained momentum after plunging during […]
Tesla came close to meeting its 500,000 vehicle-deliveries goal for 2020, setting the stage for a new year in which it’s expanding in China and poised to open new factories in Texas and Germany. The electric-car maker said Jan. 2 it handed over 180,570 vehicles in the year’s final three months, the most for any quarter […]
Good morning and Happy New Year, Bull Sheeters. Global stocks are hitting record highs again today on what is the first trading day of the year for much of the world. That’s despite a surge in new COVID infections and worries that the global immunization effort is off to a slow start. The big investment […]
Expand / A Tesla Model 3 has been observed in the overall assembly line in the Tesla factory in Fremont, California, in July 2018. (charge: Mason Trinca for The Washington Post through Getty Images) A number of decades back, Elon Musk attempted to appeal Apple CEO Tim Cook in purchasing Tesla, Musk said in a […]
Apple CEO Tim Cook refused to have a meeting years ago to talk about obtaining Tesla, Elon Musk stated on Twitter Tuesday. Tesla CEO Musk explained in a tweet he achieved to Apple through the”darkest days” of growth of his firm’s Model 3 to speak about a potential a offer. Musk said that he intended […]
Apple’s documented foray in creating its self-driving, electrical automobiles generates”a fresh Tesla keep instance,” according to analysts in Morgan Stanley. Tesla stocks dropped up to 5.5percent Tuesday, including to their 6.5% fall on Monday, following Reuters reported which Apple is moving ahead with autonomous technologies and plans to make a passenger car by 2024 that may comprise […]
|} Tesla was one of the biggest drags in the S&P 500 on the first day of trading over the standard . The electric-vehicle manufacturer, which currently represents 1.6percent of the indicator and is one of its own heaviest-weighted stocks, dropped up to 6.3percent since it retraced profits from Friday when thousands of shares were […]