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
Two weeks ago, Tesla’s CEO was on a weekend visit to Sweden, where he flew on his private jet to celebrate his friend’s 45th birthday. Stockholm Electric car company CEO of Tesla Elon Musk says he became infected with the coronavirus on his
Tesla is finally joining the S&P 500. S&P Dow Jones Indices announced on Monday that the carmaker will be added to the benchmark index prior to trading on Monday, Dec. 21. Based on Monday’s closing prices, Tesla would be one of
Tesla Inc. Chief Executive Officer Elon Musk said he had taken four Covid-19 tests and two had come back positive. The founder of the world’s No. 1 electric-car maker also said on Twitter he was experiencing symptoms of a “typical cold.
On Tuesday, Tesla CEO Elon Musk tweeted that his electric car company had been about a month away from bankruptcy in recent years when it was still figuring out how to mass produce the Model 3 electric sedan. In the middle of
Tesla paid CEO Elon Musk $3 million personally for 90 days worth of an important type of business insurance that indemnifies directors and officers of the company from certain legal expenses, a new filing revealed Wednesday. Tesla has also ended that controversial
The U.S. auto safety regulator on Thursday said it was closely watching Tesla’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks. Tesla on Tuesday night
Tesla has announced new, internally-produced batteries for its electric cars, signaling a major shift from the automaker that, if successful, could significantly reduce the cost of electric vehicles. “I think it’s the way all electric cars in the future will
Tesla is suing the U.S. government and U.S. Trade Representative Robert Lighthizer over the Trump administration’s tariffs on items Tesla imports from China. The electric-car maker wants the court to declare two batches of Trump administration tariffs to be void, and
Tesla CEO Elon Musk said on Tuesday he expects vehicle deliveries to increase by 30 to 40 percent over last year, when the company reported deliveries of 367,500 vehicles. The new guidance from Musk implies deliveries of between 477,750 and 514,500 cars, a