Elon Musk. File
The stock of electric-vehicle maker which has climbed 145 per cent this year, crossed $1,000 for the first time ever this week, making it one of the top performers on US stock exchange.
"Lol," Musk tweeted on Thursday, along with adding 'Stonks."
The misspelled word is an internet meme used to describe the ridiculousness of the stock markets.
Tesla has reached a market cap of $190 billion. It has sold nearly 368,000 vehicles globally, and aims to sell over 500,000 in the current fiscal year.
Wedbush analyst Dan Ives said that demand in China for Model 3 is going stronger than expected which is adding to Tesla stock going north.
"We believe that the China growth story is worth at least $300 per share to Tesla as this EV penetration is set to ramp significantly over the next 12 to 18 months," Ives wrote in a note to clients.
Musk said it was time to begin 'volume production' of its new commercial Semi truck.
According to Tesla's website, Semi is powered by four independent motors and requires the "lowest energy cost per mile". The truck was first unveiled in 2017.
The truck is slated to cost around $150,000 for the 300-mile model and around $180,000 for the 500-mile model, said the report.
Musk tweeted in May: "Tesla stock price is too high imo (in my opinion)".
"In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock," he said in a tweet late on Tuesday.
Elon Musk, the maverick billionaire, has revealed on Monday that he has purchased 9.2 per cent of Twitter’s shares, worth nearly US$3 billion, raising his stake in the company to 25 per cent, thus becoming the largest stakeholder in the microblogging
Tesla CEO Elon Musk now has a 9% stake in Twitter and a seat on its corporate board of directors, raising questions about how the billionaire business magnate could reshape the social media platform. He is now Twitter’s biggest shareholder
The program has been around since the 1990s and has provided many investors with a path to obtain permanent residency in the United States.
Measured over the course of 2022, the ranking is based on the amount of time vessels spend in the port to complete cargo exchange, Khalifa Port was ranked 5th in the 2021 CPPI report.
Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, on Wednesday officially inaugurated the second edition of the Make it in the Emirates Forum, which is being held under the theme of “Investment, Sustainability, Growth”.
Abu Dhabi National Energy Company (Taqa) alongside ENGIE, a global leader in low-carbon energy solutions, and EWEC (Emirates Water and Electricity Company), announced the successful financial closing of the Dhs2.3 billion ($620 million) low carbon Mirfa 2 Reverse Osmosis (M2 RO) desalination project. The project is primarily