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 continues to extend its efficiency lead in China. The Model 3 and Model Y once again ranked as the two most efficient vehicles in a new real-world energy consumption test conducted by Chinese automotive publication Autohome, which placed dozens of EVs under identical, controlled conditions to evaluate their true high-speed consumption (via Sina News). Autohome […]
Tesla has quietly pulled in another major AI hire — this time straight out of Apple’s ranks. In social media posts over the weekend, former Apple engineer Yilun Chen announced he has officially joined Tesla’s Optimus AI team, capping off nearly four years at the Cupertino giant working across hardware, engineering, research, and early-stage product […]
A Tesla Cybertruck owner is turning heads across the EV community after sharing proof that his truck drove more than 1,200 miles entirely on its own using Full Self-Driving (Supervised). The owner, who goes by @brunitatoiu on X, posted screenshots from Tesla’s new Self-Driving Stats interface — introduced with FSD v14.2 — showing 1,285.8 out […]
