Within minutes of the stock market’s open on Tuesday, shares of Tesla shot up 17%. Which feels extraordinary, except for the fact that they gained more the previous day.
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As Tesla observers try to understand how and why the stock has tripled in a little more than three months, analysts are second-guessing the notion that the Model 3 maker will be caught anytime soon.
Tesla’s market value briefly topped $100-billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.
South African Airways has cancelled international flights between Johannesburg and Munich along with a range of local flights between Johannesburg and Cape Town and Johannesburg and Durban.
The financial crisis at South African Airways deepened on Tuesday with one of the nation’s largest travel agencies announcing that the airline had cancelled several domestic and international flights.
Toyota is making a $394-million investment in Joby Aviation, one of the handful of companies with the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets.
Glencore is negotiating a long-term contract to ship cobalt to Tesla ’s new electric vehicle factory in Shanghai, according to people familiar with the matter.
Porsche shrugged off widespread industry malaise, reporting record deliveries for last year and predicting that its first all-electric model Taycan will foster further growth in 2020.
Fully autonomous cars will not be on public roads for at least 10 years despite claims from some manufacturers they will be available sooner, BlackBerry’s chief executive has said.
Sony has unveiled a concept autonomous car as it anticipates the rise of an “autonomous driving society”. The prototype houses 33 sensors on and in the car to help monitor its surroundings and those inside it.