Tesla suffered steep losses at the opening bell on Tuesday as investors rotated out of high-flying tech names, although throughout the session Tesla, in addition to Big Tech, clawed back the majority of the day’s early losses. Shares of the electric
Tesla announced Monday it has bought $1.5 billion worth of bitcoin. In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” Tesla also said
An influential engineering director at Tesla, Joe Mardall, has resigned his position at the automaker to become head of engineering at Zipline, according to his own LinkedIn profile. Zipline is a drone maker and aerial delivery service focused on distribution
Tesla has reportedly started delivering locally-produced Model Y crossovers in China, marking another milestone for the electric carmaker in the world’s largest vehicle market. Deliveries of the China-produced crossover began Monday, according to state-run Xinhua News Agency. It’s unclear how many Model Y
Tesla has moved a step closer to its launch in India later this year by registering a company in the country, a regulatory filing showed on Tuesday. Tesla Motors India and Energy Private Limited was incorporated on Jan. 8 with its
Tesla on Tuesday unveiled a plan to raise $5 billion, its second such move in three months as the electric car maker cashes in on a meteoric rally in its shares this year. The additional shares will be sold “from time to time”
Tesla boss Elon Musk is in Berlin to receive the Axel Springer Award. In a round of interviews on Tuesday, Musk said there will be electrically powered jets in five years. The Tesla boss also forecasts that every newly registered
Tesla will be added to the S&P 500 in a single step despite its more than $500 billion market capitalization, S&P Dow Jones Indices said on Monday, forgoing a possible phased approach that was considered to ease the impact of adding
(Reuters) – Tesla Inc has increased prices for its Model S sedan across Europe, with rates varying in different countries, according to the electric automaker’s website. The price for Model S in Germany currently stands at 81,990 euros ($97,699.28), compared
Tesla finished the trading day Tuesday with a market cap greater than $500 billion for the first time after its stock price surpassed $527.48 per share. Tesla’s enterprise multiple, or its enterprise value relative to EBITDA, exceeded 130 based on the