Tag Archives: elon musk

Tesla’s expansion plans with higher manufacturing outcomes by the end of 2020 are currently in the doldrums as China’s automobile industry witnessed a 92% drop in sales due to the coronavirus outbreak. TSLA stock started falling.The coronavirus outbreak has massively impacted China’s automobile industry as manufacturing has taken a backseat. Wuhan city also called the Detroit of China, has been at the heart of this virus epidemic. But will coronavirus seriously affect such giants as Tesla...

Elon Musk’s SpaceX is going to raise an impressive sum of $250 million. It will help to add around $3 billion to the company’s valuation and bring it to the level of $36 billion.SpaceX is seeking to raise $250 million. The new funds sought reportedly will be valued at $220 per share. Sources indicate that this new valuation after raising funds would be at $36 billion. This will be an increase from $33.3 billion. The funding round is expected to close in the second week of the next month....

The Cybertruck Owners Club has provided good evidence that as of February 18, Tesla has booked pre-orders for approximately 535,000 of these vehicles translating to 5,873 pre-orders daily. TSLA stock is in green.The Tesla Inc. (NASDAQ: TSLA) stock has been rising continuously since the start of the year, even earning Elon Musk billions within hours, as we published earlier. Musk is yet to update Cybertruck pre-orders since late November 2019, when they reached 250,000. However, the Cybertruck...

As part of the of its $2.31 billion worth of stock offering, Musk himself purchased 13,307 TSLA shares at a price of $767 per share worth a total of $10 million. Elon Musk raising his stake in Tesla is a vote of confidence for the investors.On Wednesday, February 19, electric car maker Tesla Inc. (NASDAQ: TSLA) revealed the closure of its common stock offering in the open markets. Soon as the announcement came, the TSLA stock skyrocketed above $900 levels in just a few trading hours.In the...

Tesla successfully manages to raise $2.31 billion in a stock offering after the TSLA stock saw a massive run-up to above $900 levels on Wednesday, February 19. The company plans to use these funds by making investments in Europe.On Wednesday, February 19, electric car maker Tesla Inc. (NASDAQ: TSLA) made an important announcement by closing its common stock offering. Just a week after its first announcement, the American automaker netted a whopping $2.31 billion in the offering.The company...

Tesla (TSLA) stock is moving higher and regularly conquers new peaks despite all the negative expectations. One of the reasons is the fact that top investors believe in it.Amidst rumors of experiencing a fatal collapse in its stock, a technology giant Tesla (NASDAQ: TSLA) proved critics wrong once again that it is still gaining momemtum. Its shares doubled what was initially projected by market analysts. But this record-breaking achievement would have been a pipe dream, if not for the loyalty...

The moderating growth of Facebook (FB) stock is a result of various scandals around the social media company. The biggest problem that brings worries is privacy.Lately, social media giant Facebook has been performing sluggishly. The evidence of that is Facebook (NASDAQ: FB) stock that yesterday got stuck. After showing slow growth, it stopped at $217.49.Facebook launched back in 2004 but went public in 2012. Since then, the company has returned almost 450% for its early investors. The...

While you might have been caught by the Tesla bug with its massive TSLA stock surge in the market, you might have missed Virgin Galactic’s meteoric rise on Wall Street. The SPCE stock has surged over 200% as of Wednesday closing.With the wild stock market rise, Wall Street investors are riding high on optimism at the moment. Tesla (NASDAQ: TSLA) has indeed been the star performer in the market with its price skyrocketing over $900 on February 19.Amidst a strong Q4 2019 performance, Tesla...

Optimism over Tesla’s growing solar business has added more fuel taking the TSLA stock price above $900 billion. Some experts expect Tesla’s solar business to generate $165 billion in annual revenues in a few years from now.There’s seems to be no stopping to the Tesla bull-run these days! On Wednesday, February 19, the Tesla (TSLA) stock price surged a whopping around 7% in its biggest single-day-jump in the last two weeks.Tesla (TSLA) Stock Price MovementsDuring the day closing, the Tesla...

Tesla (TSLA) stock has reacted positively to the news about the company’s talks with CATL, a Chinese producer of cobalt-free batteries.News from the leading electric car manufacturer Tesla: the company is negotiating the deal with CATL, a Chinese producer of batteries for electric vehicles. Tesla is planning to use CATL’s cobalt-free batteries in cars that its Shanghai plant in China produces. As a result of the announcement, Tesla (TSLA) stock soars. In several hours, it increased by 7.30%...