Shares of Tesla rallied again for the fifth consecutive day, seeing a 7% surge on Tuesday, closing at $449.76 USD per share, after reaching up to $461.94 on the day. Tesla’s market cap currently is at $419 billion.
Keith Temperton, sales trader at Forte Securities, told Reuters, “That’s given ammunition for the bulls again.”
“The battery side is critical for what happens to Tesla. Otherwise it’s literally just another carmaker. If that proves to be a game-changer, then the stock goes higher again,” said Temperton.
Tesla is rolling out a new entry-level Model Y variant in Europe, and it’s a bit of a surprise. Dubbed the Model Y Standard Long Range RWD, the new configuration delivers significantly more driving range than the existing base model, while still undercutting other trims on price. According to Tesla Europe, the Model Y Standard […]
Tesla has quietly added a new entry-level Model Y to its Canadian lineup, giving buyers north of the border a cheaper way into the company’s best-selling electric SUV — and, interestingly, one that undercuts U.S. pricing. As first reported by iPhone in Canada, the Model Y Standard Rear-Wheel Drive has now appeared on Tesla’s Canadian […]
Tesla’s long-rumored Cybercab appears to be taking another major step toward launch. The company’s purpose-built autonomous vehicle was spotted testing on a highway in Austin, Texas, this week — marking what looks to be the first time the Cybercab has been seen validating its capabilities at highway speeds. Footage shared by Adan Guajardo (@AdanGuajardo) shows […]
