Tweets from Elon Musk and Chamath Palihapitiya seem to have propelled NYSE listed video game retailer, GameStop to new highs during Tuesday’s trading session.
The spotlight for the week was on Elon Musk’s Tesla. Shares of the electric car manufacturer surged 22% during the last 5 trading sessions to sit at $880.02 per share.
Tesla shares: In the previous session, its market value crossed $774 billion, making Tesla Wall Street’s fifth most valuable company, just behind Google-parent Alphabet Inc and ahead of social media giant Facebook Inc.
The big tech names such as Facebook, Apple, Google, Tesla, among others enjoyed a phenomenal 2020, where the likes of Tesla gained a whopping 681% while others recorded average gains of over 50%.
Quality checks have routinely revealed defects in more than 90 percent of Model S and Model X vehicles inspected after assembly, these individuals said, citing figures from Tesla's internal tracking system as recently as Octo
Tesla Powerpacks have been installed and connected at Neoen's Hornsdale windfarm, north of Adelaide, and battery tests will be run to ensure local regulatory requirements are met.
Electric vehicles had so far only been a supplement to the auto-component company but slowly and steadily plans to move on to electric powered vehicles.
Uchiyamada said that Toyota was working on a new type of solid-state battery that is able to store more power and can be recharged much more quickly than current types
While it looks friggin' fantastic, Musk had some insane specs about the new sports car. For starters, the new Roadster will accelerate from 0-100 in 1.9 seconds!
Tesla says that it plans to produce about 10% fewer Model S and Model X in Q4 compared to Q3 because of the reallocation of some of the manufacturing workforce towards Tesla Model 3 production.
The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without confirming the number of employees leaving the company.