Electric automaker Tesla became the world’s most valuable car company in 2020. But Tesla’s meteoric rise did not end there. The company's stock has continued to climb and now for the first time Tesla’s market cap has surpassed $800 billion. However, in order to justify Tesla’s soaring value, the company will need to sustain its sales momentum throughout 2021 and beyond. But there are indications that Tesla will have a difficult time matching the success in 2020.
Eric Walz2021-01-08 12:15 PT
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
Tesla Chief Executive Elon Musk claims that Tesla is close to achieving Level-5 autonomous driving. These highly advanced self-driving Tesla vehicles will need to be connected to the cloud, transferring terabytes of data between Tesla’s fleet and powerful AI-powered processors that support autonomous driving. This requires requires a low-latency, ultra-fast connection, which the SpaceX Starlink satellite-based broadband internet network can provide.
Eric Walz2020-11-04 14:30 PT
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
Electric automaker Tesla is getting ready for its “Battery Day” event on Sept 22, in which the company will reveal details about its new highly advanced batteries that promise to extend the range of its electric vehicles. On Monday, Tesla Chief Executive Elon Musk dropped some battery hints for the first time on Twitter.
Eric Walz2020-08-25 09:00 PT
On Wednesday Tesla reported profitable second quarter earnings, which is its fourth consecutive profitable quarter for the company and paves the way for the company’s inclusion in the coveted S&P 500 index. The S&P 500 is largely considered an essential benchmark index for the U.S. stock market. The four consecutive profitable quarters are the first in Tesla’s history.
Eric Walz2020-07-22 15:15 PT
Germany has banned Tesla from repeating what a court says are “misleading” advertising statements relating to the capabilities of its Autopilot driver assistance system, a Munich court ruled on Tuesday.
Jeremy Carlton2020-07-14 14:00 PT
Tesla Chief Executive Elon Musk says that Tesla is “close” to achieving Level-5 autonomous driving. Musk made the comments in remarks made via a video message at the opening of Shanghai’s annual World Artificial Intelligence Conference (WAIC). However, skeptics believe Level-5 autonomy is still years away.
Jeremy Carlton2020-07-09 10:00 PT
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
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
After a series of angry tweets expressing his frustration with California's shelter-in-place orders that have resulted in the shutdown of Tesla Fremont, California factory since March, Tesla Chief Executive Elon Musk defied a county order and reopened the factory. The move prompted Alameda County, the county where Tesla's factory is located, to order the electric automaker to cease vehicle production at the plant.
FutureCar Staff 2020-05-12 14:00 PT
Tesla’s electric vehicle factory has been shut down since March 23 and thousands of its employees were furloughed due to the coronavirus pandemic. But Tesla Chief Executive Elon Musk wants it to reopen ASAP. So much so, that Musk is defying a county-wide order for the factory to remain closed. The plant was operational on Monday in direct violation of the local shelter-in-place orders.
FutureCar Staff 2020-05-11 13:45 PT
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
Amid the coronavirus pandemic, U.S. automakers including General Motors, Ford and Tesla are pitching in by offering to help build ventilators using their vast supplier networks or various car parts. Engineers at Tesla have already built a working prototype, which includes parts from the Model 3, including the electric car’s center-mounted touchscreen display.
Eric Walz2020-04-06 12:30 PT
Tesla Chief Executive Elon Musk recently took to Twitter to announce that Model Y will come with some special equipment, including a new heat pump.
Manish Kharinta2020-03-29 16:00 PT
Electric vehicle maker Tesla has started deliveries of its fourth vehicle, the Model Y crossover, which might become the most popular vehicle Tesla has ever built.
FutureCar Staff 2020-03-16 14:30 PT
Electric automaker Tesla has reached a major milestone this week by building its one millionth vehicle. Tesla Chief Executive made the announcement in a Twitter post on Monday night.
FutureCar Staff 2020-03-10 15:50 PT
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
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
Its been an amazing run for the electric automaker to close out the final quarter of 2019. Tesla’s stock more than doubled in the last three months alone. On Monday, shares of Tesla surged 9% to a record high, closing at $547.41, boosting Tesla's market cap to nearly $97 billion.
FutureCar Staff 2020-01-14 16:15 PT
Vineeth Joel PatelJan 18, 2021 7:10 AM PT
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