Tesla’s ascent into the most exclusive of corporate clubs – the $1-trillion capitalisation set – has investors guessing on which company will be the next to join.
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In just one frenetic trading session, Tesla added $118-billion to its worth, or almost double that of Ford’s entire market capitalisation.
Elon Musk’s personal fortune jumped to $281-billion after Hertz placed an order for 100 000 Teslas.
Tesla on Monday received its biggest-ever order, as Hertz announced it would buy 100 000 electric rental cars.
Tesla shares are staging a comeback as investors expect the electric car maker to navigate the crippling semiconductor shortage better than rivals.
Elon Musk wants Jeff Bezos to know he’s number 1.
Tesla plans to move its headquarters from Silicon Valley to Austin, Texas, where it is building a massive car and battery manufacturing complex.
Apple, whose CarPlay interface is used by millions of motorists to control music, get directions and make phone calls, is looking to expand its reach within cars.
A federal jury ordered Tesla to pay more than $130-million in damages to a black former worker, finding he was subjected to a racially hostile work environment, a report said.
An EV uses the same rechargeable lithium-ion batteries that are in your laptop or mobile phone, they’re just much bigger and much more expensive.