It was sold as an all-or-nothing moonshot into space, the boldest pay package in corporate history. Now, with Tesla’s stock on a seemingly unstoppable rise, Elon Musk is poised to collect $2.4-billion.
Browsing: Toyota
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 outpaced analyst estimates for second-quarter vehicle deliveries on Thursday, defying a trend of plummeting sales in the wider auto industry and sending its shares up 8%.
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.
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.
As other automakers plan battery-powered SUVs and trucks, Toyota’s vision for the future of driving remains a hydrogen-sipping sedan.
Put together the best solar panels money can buy, super-efficient batteries and decades of car-making know-how and, theoretically, a vehicle might run forever.
General chaos ensues on the podcast this week as Duncan McLeod and Regardt van der Berg are joined by Louis Du Pisani, the CEO of the company behind the South African videogame Boet Fighter.