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 […]

Tesla’s market value falls significantly after controversial tweet by Elon Musk

Elon Musk

A sort of bloodbath has been observed for Tesla stock as billions of dollars were just got wiped off after its CEO Elon Musk tweeted that the automaker’s stock was “too high”. Tesla stock declined over 10 percent and its valuation declined by almost $9 billion after Musk’s tweets in reminiscence of his controversial tweets in August 2018 when […]

Tesla shares soars, dealing short-sellers a $1.7 billion loss

Tesla Inc logo

Tesla Inc shares soared 16 percent on Thursday, a day after the automaker’s better-than-expected quarterly report, and financial expert firm S3 Partners stated short-sellers were slammed with $1.7 billion in paper losses on the day. S3 stated the day’s losses pushed the aggregate year-to-date performance of short-sellers in automaker into the red. Short-sellers aim to […]

Tesla shareholders allowed by court to proceed with SolarCity lawsuit

SolarCity logo

A class action lawsuit by Tesla Inc shareholders against the automaker’s CEO, Elon Musk, and the company’s board concerning the SolarCity deal was set to proceed after a Delaware judge rejected to dismiss it. The lawsuit accused the board of Tesla violating its duties to shareholders by authorizing the SolarCity deal. Tesla purchased solar panel […]