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.
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.
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.
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.
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.
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.
When Wendy Bedolla got into her Tesla Model 3 Thursday morning there was a message waiting for her.
“Stay Fully Charged,” the message on the car’s big computer screen said. “A utility company in your area announced they may turn off power in some areas of Northern California beginning October 9 as part of public safety power shutoffs, which may affect power to charging options.”
Most Americans aren’t interested in electric vehicles. That’s a cold fact.
I won’t cite a bunch of statistics (that may seem encouraging but actually are not). Just look around you.
2020 is almost here but it’s still wall-to-wall gas cars. And it’s not just inertia. All those new cars are gas too.
Self-driving cars are a shared ambition among Google, Tesla, Apple, Uber and Lyft, among other automotive, tech and ridesharing companies. For Uber and Lyft specifically, it’s a matter of cutting costs. However, fiscal expediency is not the main benefit of this emerging technology. Roughly 94 percent of traffic accidents are caused by human error, and to many, autonomous vehicles (AVs) seem to be our only path toward lessening related fatalities. In addition, driverless cars have other benefits, such as lower fuel consumption, lower CO2 emissions and a reduction in congestion. Here are the main ways they stand to change our lives and carve out a lane in the consumer marketplace, as well as the challenges this fledgling sector will need to overcome.