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Tesla’s Market Value Tops $500 Billion as the Company Nears its S&P 500 Debut

Tesla’s Market Value Tops $500 Billion as the Company Nears its S&P 500 Debut

Electric automaker Tesla has further cemented its place as the world’s most valuable car company by far. The company’s stock continues to surge despite the worsening pandemic and is up nearly 5% to $546.59 on Tuesday pushing Tesla’s market cap over $500 billion to $518 billion.

Eric Walz2020-11-24 11:10 PT

Electric Automaker Tesla Will Join the Elite S&P 500 Index on Dec 21

Electric Automaker Tesla Will Join the Elite S&P 500 Index on Dec 21

Electric automaker Tesla will be included in the S&P 500 Index beginning on Monday, Dec 21. With its inclusion, Tesla can now expect more exposure across financial markets resulting in a stable source of new investments. A listing in the S&P 500 is considered an elite status for companies and can open the door to billions in new funding.

Eric Walz2020-11-16 16:55 PT

Tesla Shares Fall 21% After S&P 500 Exclusion & GM Acquires a Stake in Rival Nikola Motor

Tesla Shares Fall 21% After S&P 500 Exclusion & GM Acquires a Stake in Rival Nikola Motor

Tesla's rising stock price has been hit by the unpredictable realities of the financial markets. On Tuesday, U.S. automaker General Motors announced its taking a $2 billion stake in electric truck startup and Tesla rival Nikola Motor Company. The announcement follows last Friday's news that Tesla missed out on being included in the elite S&P 500 stock index, sending its shares down 21.6% today, the biggest one day drop in Tesla's history.

FutureCar Staff 2020-09-08 17:00 PT

Tesla Launches $5 Billion Capital Raise As Investors Drive Up its Stock Price

Tesla Launches $5 Billion Capital Raise As Investors Drive Up its Stock Price

On Tuesday, electric automaker Tesla unveiled its biggest program of new share sales as a public company, seeking to cash in on soaring Wall Street interest in the electric carmaker. The new share sales will raise up to $5 billion, which would beef up the company's cash reserves for any future debts.

FutureCar Staff 2020-09-01 10:00 PT

Tesla Reports Better Than Expected Q2 Deliveries, Stock Reaches an All-Time High

Tesla Reports Better Than Expected Q2 Deliveries, Stock Reaches an All-Time High

One day after electric automaker Tesla became the world’s most valuable automaker with a market cap of $206 billion, the California automaker reported vehicle deliveries which beat analysts expectations, sending the company’s stock to record highs. Shares of Tesla jumped by $85 in early trading on Thursday to $1,204, the highest stock price since Tesla became a public company in 2010.

FutureCar Staff 2020-07-02 11:00 PT

Tesla is Now the World’s Second Most Valuable Automaker as Shares Top $1,000 After CEO Elon Musk Announces Plans to Build its Semi Truck

Tesla is Now the World’s Second Most Valuable Automaker as Shares Top $1,000 After CEO Elon Musk Announces Plans to Build its Semi Truck

For the first time since Tesla became a public company in June 2010, the company’s shares have topped the $1,000 mark on news that Tesla Chief Executive Elon Musk told staff that it’s time for “volume production” of the semi truck. The fully-electric truck will reportedly have a range of over 600 miles.

Eric Walz2020-06-10 11:00 PT

Tesla Reports a Profitable First Quarter as Most of the Auto Industry Weathers the Coronavirus Pandemic

Tesla Reports a Profitable First Quarter as Most of the Auto Industry Weathers the Coronavirus Pandemic

Tesla reported strong first quarter earnings in 2020, indicating that demand for its electric vehicles remains steady, despite a slowing economy due to the coronavirus pandemic. The company reported its third consecutive profitable quarter for the first time in its history.

FutureCar Staff 2020-04-30 09:00 PT

Electric Automaker Tesla to Raise $2 Billion by Issuing New Shares

Electric Automaker Tesla to Raise $2 Billion by Issuing New Shares

​Electric automaker Tesla continues its rapid rise, becoming the most valuable U.S. automaker by a wide margin, after its stock price more than doubled since the start of the new year. Now the California company plans to raise another $2 billion by issuing new shares of stock.

FutureCar Staff 2020-02-13 10:30 PT

Tesla’s Market Value More Than Doubles Since the Start of 2020, Topping $170 Billion

Tesla’s Market Value More Than Doubles Since the Start of 2020, Topping $170 Billion

On Tuesday, Tesla’s stock surged another 20%, reaching a record high of $960, more than double the company’s market value since the beginning of the year.

Eric Walz2020-02-04 11:05 PT