Tag Archives: Tesla

Tesla surpasses $1 trillion market value | TechCrunch

Tesla’s market valuation hit and then surpassed the $1 trillion mark Monday, a milestone reached by the company 11 years after it became a publicly traded company. It also puts Tesla in select company with Apple, Amazon, Facebook and Google, all of which have market caps above $1 trillion.

Tesla met the $1 trillion market cap mark around midday Monday when shares hit $998.22. Share prices hovered just below $1,000 and then suddenly shot past it — another first for Tesla. Shares closed up 12.66%, at $1,024.86. This is the first time the company’s share price reached $1,000 a share.

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Tesla And SpaceX Billionaire Elon Musk Doubles Down On Dogecoin And Ethereum Plan To Beat Bitcoin Amid Crypto Price Bounce | Forbes

Bitcoin and cryptocurrency investors were yesterday glued to one of the most hotly-anticipated events in the crypto calendar so far this year—a live discussion between Tesla and SpaceX billionaire Elon Musk, Twitter’s Jack Dorsey, and major Tesla and bitcoin investor Cathie Wood.

The bitcoin price jumped in anticipation of the virtual event, climbing back from under $30,000 per bitcoin to over $32,000, and finding fresh support after Musk revealed that his rocket company SpaceX has joined Tesla TSLA -0.9% in holding bitcoin.

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Full self-driving is coming for all Tesla owners with a subscription | Mashable

If you want your Tesla to drive itself down some streets and on the highway (with you still at the wheel, paying attention, of course) you need to put down some serious cash for the Full Self-Driving (FSD) mode. But in 2021, there might be more options.

Instead of paying $10,000 to add FSD mode to the Tesla advanced driving system, called Autopilot, Tesla CEO Elon Musk tweeted Sunday about subscription access. That means anyone with a Tesla could pay month-to-month for the driving mode. It’s currently in beta with a select group of Tesla users and that’s it.

It’ll open up to more people at some point in 2021. Even though Musk had previously mentioned a rollout by the end of 2020.

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Tesla’s stock split: Here’s what you need to know – CNN

Tesla shares are much, much cheaper Monday after the stock’s 5-1 split.

Even though Tesla’s stock closed 12.5% higher at $498.32 a share Monday, that’s still around $1,800 cheaper than where it was trading on Friday. The company announced the stock split earlier this month, making shares more affordable for average investors.

The split will not change the value of investors’ total holdings of the company. It will just grow the number of shares making up their portfolios. Tesla (TSLA) stockholders are getting four shares for each share they held last week.

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Tesla announces 5 for 1 share split, rallies 8% | TechCrunch

Today after the close of regular trading Tesla, a well-known American electric vehicle company, announced that it intends to split its shares 5 for 1. The split announcement comes after a sharp rally in the value of Tesla equity in recent quarters.

The company’s shares quickly rallied on the news, picking up 8% in after-hours trading.

Tesla, ever a controversial company, traded for as little as $211 in the last year. After today’s news the company is now worth $1,485 per share. Worth comfortably more than $250 billion, Tesla is amongst the world’s most valuable companies, let alone among the most valuable automakers.

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Elon Musk is one board approval away from another $2.1 billion in stock options | TechCrunch

Tesla’s six-month average trailing market capitalization hit $150 billion on Tuesday after a four-month run up of the automaker’s share price that theoretically unlocks a multi-billion-dollar vesting option for CEO Elon Musk.

Once Tesla hit the six-month average trailing market cap of $150 billion, which Reuters first reported, Musk became eligible to access the second of 12 levels of options granted to him in an unprecedented pay package approved by shareholders in 2018. The board must still certify the milestone before the vesting option is triggered.

The milestone was met the day before Tesla is scheduled to report its second-quarter earnings.

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Tesla to reopen New York factory to produce ventilators ‘as soon as possible’ | Mashable

Tesla will re-open its factory in Buffalo, New York, and repurpose it for producing ventilators needed to treat critical COVID-19 patients, Elon Musk said Wednesday.

Tesla’s Fremont, California and Buffalo, New York factories have been fully or partially shut down due to shelter-in-place orders, given by local authorities amid the coronavirus outbreak.

“Giga New York will reopen for ventilator production as soon as humanly possible. We will do anything in our power to help the citizens of New York,” Musk tweeted.

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Elon Musk Promises a Lot of Tesla Features. A Lot of It Never Comes Through | Digital Trends

It’s 2020, and everyone’s a little disappointed that the flying cars aren’t here yet. But one 1980s fantasy of the future may soon come true: One day soon, your Tesla could be talking to you.

Tesla CEO Elon Musk appeared to show off a new feature for his electric cars: The ability to talk to people outside of the car in a British accent. Musk added that the talking car could cause some “epic robber confusion” by adding the functionality to the car’s already existing sentry mode, a monitoring system that’s part of the car’s security.

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Tesla will start charging a monthly fee for ‘premium’ data usage | Mashable

The free ride is almost over, late-arriving Tesla drivers.

A new update on the auto maker’s website confirms that Tesla data access will divide into two tiers starting on Jan. 1, 2020. It doesn’t affect every customer (more on that below), but many of them will soon need to choose between the free “Standard Connectivity” tier and the $9.99/month “Premium Connectivity” tier.

If all you want from your car’s data access is basic maps and navigation, plus the ability to stream media over Bluetooth, then Standard is the way to go. You’ll still have access to the fancier features (if you want them) whenever your car is connected to Wi-Fi.

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Love It or Hate It, Tesla Cybertruck Is Revolutionary | Live Science

With a collective gasp and puzzled looks, the world was recently introduced to Tesla’s newest vehicle. The so-called Cybertruck is an angular, stainless steel, all-electric pickup truck that quickly became polarizing.

The launch didn’t go very smoothly. The truck’s windows shattered when its lead designer smashed them with a metal ball, causing Tesla founder Elon Musk to curse under his breath. Some love its futuristic look. Others hate it. Even Lego made fun of it.

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