The electric automaker’s shares jumped 8.2% to $321.22, catapulting the company’s valuation above the trillion-dollar mark for the first time in more than two years. The stock gained 29% this week, adding more than $230 billion in market capitalization, its best since January 2023. “Tesla and CEO Elon Musk are perhaps the biggest winners from […]
Musk reached the stage in a “Cybercab” which he said will go into production in 2026 and be priced less than $30,000. He said operation will cost 20 cents a mile over time and charging will be inductive, requiring no plugs. He said the cars rely on artificial intelligence and cameras and do not need […]
Tesla (TSLA.O), opened a new tab and unveiled new incentives, including insurance subsidies, on Friday to woo consumers in the world’s largest auto market, where the U.S. electric vehicle giant is in a protracted price war against entrenched rivals such as BYD. Pickups of existing inventories of Model 3 sedans and Model Y SUVs by […]
Tesla outperformed automobile companies like Volkswagen, Subaru, and BMW, capturing 4.2% of the US market in 2023. In the US auto industry as a whole, Tesla increased its market share and sold more than 25% more cars in the US in 2023 than it did the year before. Kelley Blue Book released its 2023 vehicle […]
Tesla CEO Elon Musk has long whetted fans’ and investors’ appetites for affordable electric vehicles and self-driving robotaxis that are expected to be made on next-generation, cheaper electric car platforms. Those models, including an entry-level $25,000 car, would allow it to compete with cheaper gasoline-powered cars and a growing number of inexpensive EVs, such as […]
Tesla’s recent announcement regarding the construction of a colossal 164-stall charging station has captured significant attention, shedding light on the company’s ambitious plans to expand electric vehicle (EV) infrastructure throughout the United States. The news was first revealed through a post on X, the social media platform formerly known as Twitter, closely associated with Tesla’s […]
San Francisco: SpaceX and Tesla CEO Elon Musk, who claims to be living in a modest $50,000; 37-square-metre prefab guest house in Boca Chica; Texas, has bought a $250,000 ticket to space from fellow billionaire Richard Branson’s Virgin Galactic. The Wall Street Journal reports that Musk had bought a ticket for his space ride before […]
Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported. Also, The quarter’s deliveries fell slightly short of expectations. Analysts were projecting Tesla to deliver around 202,800 cars during this period, according to estimates compiled by FactSet as of July 1. Estimates ranged from 193,000 to 231,000 deliveries. Tesla shares were up about […]
Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions.” Musk was reacting to comments from […]
The price of bitcoin crossed another major milestone Friday, as the cryptocurrency’s market value surpassed $1 trillion, according to Coindesk. The digital currency was trading at just under $54,000 per coin Friday as it hit the new level, and rose above $55,000 later in the session for a daily gain of more than 6%, according […]
