#Tesla becomes world’s most valuable automaker as stock tops $1,000
“#Tesla becomes world’s most valuable automaker as stock tops $1,000”
June 10, 2020 | 11:15am
The Elon Musk-led company on Wednesday cracked the $1,000 mark for the first time ever, leapfrogging Toyota to become the most valuable automaker in the world.
Tesla stock surged more than 6 percent after an internal memo from Musk leaked saying that the carmaker would soon be gearing up for mass production of its hotly-anticipated semi truck.
The all-time high comes a little over a month after Musk tweeted that Tesla’s stock price was “too high.” Musk recently triggered the first tranche in his eye-popping $50 billion pay package, and is eligible to cash in on 1.69 million shares of Tesla which are now worth more than $800 million.
Tesla’s market cap is now threatening to break the $200 billion barrier, currently sitting at $186.4 billion.
Shares of Tesla were up 6.9 percent Wednesday morning, at $1,005.38.
If you want to read more Business News articles, you can visit our General category.
if you want to watch Movies or Tv Shows go to Dizi.BuradaBiliyorum.Com for forums sites go to Forum.BuradaBiliyorum.Com
