Elon Musk sees no immediate boost from ‘Battery Day’ tech unveil

Elon Musk

Tesla Inc CEO Elon Musk said on Monday improvements to be revealed at the electric automaker’s “Battery Day” event would not reach “serious high-volume production” until 2022, leading to a decline in its shares. Many analysts and industry officials expected Musk to reveal battery improvements at the widely-anticipated event, extending the company’s lead over major […]

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 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 […]