Tesla shares were 20% lower yesterday after the stock failed to achieve a listing on the S&P500. Tech stocks are also reeling from the latest news regarding the Japanese investment firm Softbank. In an article last week I said that Tesla stocks, "could drop another 15-20%".
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Tesla
Tesla is an American company that is world-renowned for its electric vehicles, autonomous driving technology, and clean energy products. It was founded by Marc Tarpenning and Martin Eberhard in July 2003 and was known as Tesla Motors in honor of Nikola Tesla, a renowned inventor.
If you are wondering when Elon Musk joined Tesla, he joined the company in February 2004 after making a $6.5 million investment in the company. The investment made Musk the company’s largest shareholder and earned him the chairman’s position.
Elon Musk took over the CEO role in 2008 and is credited with transforming it into a global leader in electric vehicles, autonomous driving, and clean energy. However, Musk has been associated with several controversies during his tenure as CEO.
Tesla started producing its first car, the Roadster, in 2009, with the Tesla Model S sedan entering production in 2012. Tesla Model X SUV entered production in 2015, the Model 3 car in 2017, and the Model Y crossover in 2020.
The Tesla Model 3 is its most popular electric vehicle and, in June 2021, became the first EV to cross the 1 million mark in sales worldwide.
The company has a cult-like following among investors who continue buying its shares and had a market valuation of $1.1 trillion in December 2021, making it the most valuable car manufacturer.
Tesla share price news
Tesla share price shook off the announcement of an investigation into crashes involving its vehicles, as it looks to end...
Tesla’s stocks have hit another roadblock this Wednesday after the Environmental Protection Agency (EPA) accused the company of failing to...
Yesterday’s 7.94% gain on Tesla’s stock made Elon Musk the world’s richest man). The gap between Musk and Jeff Bezos...
The latest data out of Norway for the Electric Vehicle (EV) market indicates that the Tesla Model 3 beat out...
Tesla was 4% lower in the U.S. trading session after announcing an “At the Market” sale of $5bn worth of...
Tesla’s shares are extending the substantial gains of yesterday with another solid upside push this Thursday. This surge comes as...
Tesla share price has underperformed in 2021, as seen in the chart below. It peaked at $900 and consolidated in...
Tesla share price is up over 5% premarket as the electric car manufacturer announced its Q2 2020 earnings after the...
Tesla stock finished sharply higher yesterday ahead of the end of the second quarter after Tesla’s (TSLA) CEO Elon Musk...