Tesla appears on the verge of joining the S&P 500, a major accomplishment for CEO Elon Musk that would unleash a flood of new demand for the electric car maker’s shares.
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Tesla is “very close” to achieving level-5 autonomous driving technology, CEO Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.
After surpassing Toyota as the world’s most valuable automaker, Tesla has taken time out to poke fun at the company’s naysayers – with sales of red satin shorts.
Tesla on Wednesday became the highest-valued car maker as its shares surged to new record highs and the electric vehicle maker’s market capitalisation overtook that of former front runner Toyota.
Tesla has grown from Silicon Valley gadfly to the world’s second largest automaker by market capitalisation in the decade since its initial public offering. It’s been a roller-coaster ride.
The surge in Tesla’s shares so far this month moved Elon Musk’s company even closer to displacing Toyota as the world’s most valuable car maker.
Tesla’s stock jumped above $1 000/share on Wednesday after CEO Elon Musk told his staff it was time to bring the Tesla Semi commercial truck to “volume production”.
The Telsa CEO has called for Amazon.com to be broken up, after an author complained on social media about being unable to self-publish a book via the world’s largest online retailer.
SpaceX, the private rocket company of billionaire South African-born entrepreneur Elon Musk, launched two Americans toward orbit from Florida on Saturday.
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