The Tesla stock rally continues to keep climbing higher and higher, as another all-time high was reached on Tuesday, ahead of the company’s S&P 500 debut next month.
Tesla reached a high of $559.99 per share, before settling down to $555.38 at the end of the trading day on Tuesday. Tesla’s market cap now stands at a staggering $526 billion.
In after hours, Tesla is up 1.26% and if the stock continues to climb on Wednesday, it should break $600 per share, if it can reach gains of 8% for the day.
The Tesla stock surge has cemented CEO Elon Musk as the world’s second-richest person, according to the Bloomberg Billionaires Index, which tracks the top 500 richest people in the world. Musk remains in second place with a net worth of $136 billion, easily distancing himself from former Microsoft co-founder Bill Gates, who fell to third place yesterday.
With the formal transition from President Donald Trump to President-elect Joe Biden finally underway, the overall stock market was up on Tuesday, with Tesla one of the automotive and tech stocks leading the charge.
Tesla appears to be quietly ramping up its Robotaxi presence in California. Several users in the Bay Area are now receiving in-app notifications suggesting Tesla has expanded the number of Robotaxi vehicles available in their area. The notification, first shared by X user Nik Kharris (@nikkharris), reads: “More vehicles available in your area,” hinting at […]
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 […]
