Elon Musk becomes seventh richest person as Tesla stock continues to rise

Elon Musk

Tesla Inc CEO Elon Musk is now the seventh-richest person in the world, surpassing well-known investor Warren Buffett, as Tesla’s stock continues to increase.  Musk surpassed Buffett on Friday once Tesla shares hit an all-time high, giving Musk a net worth of about $70.5 billion, approximately $1 billion more than Buffett, according to Bloomberg. Tesla shares continued […]

Tesla to make molecule printers for COVID-19 vaccine developer CureVac

CureVac logo

Tesla Inc is building mobile molecule printers to help make the possible COVID-19 vaccine which is being developed by CureVac in Germany, the electric automaker’s CEO, Elon Musk, tweeted on Wednesday. CureVac, an unlisted German company, has stated it is developing portable, automated mRNA production units that it calls printers and which Musk referred to […]

Tesla becomes most valuable automaker as valuation goes above $200 billion

Tesla Inc logo

Tesla Inc on Wednesday became the highest-valued automaker as its shares increased to record highs and the electric automaker’s market capitalization overtook that of former front runner Toyota Motors. The automaker’s shares gained 5% in early morning trade to a record of $1,133, increasing the company’s market cap to $209.47 billion – roughly $6 billion […]

Volkswagen CEO praises Musk’s SpaceX success to motivate top executives

Elon Musk

Volkswagen CEO Herbert Diess evoked the historic rocket launch by rival electric automaker Tesla’s CEO Elon Musk to motivate top executives at the automaker as they seek to overcome the auto industry’s biggest market decline in decades, people familiar with the matter said. Musk’s Space Exploration Technologies has become the first private company to launch humans into […]