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
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'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
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
Eric WalzJan 22, 2021 3:30 PM PT
FutureCar Staff Jan 22, 2021 12:55 PM PT
FutureCar Staff Jan 22, 2021 10:45 AM PT