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Elon Musk Becomes First Individual to Reach Net Worth of $400 Billion

Elon Musk, the wealthiest person in the world, just became even richer. According to Bloomberg, Musk’s net worth surged to $400 billion, making him the first individual to reach this mark. Musk increased his wealth by $20 billion thanks to the stock jump of the...

Tesla Stock Surges Close to 22% on Strong Earnings, Cheaper EV Model Timeline

Tesla’s stock surged close to 22% on Thursday after the electric vehicle maker reported strong earnings while also sharing the timeline for a cheaper model rollout. Tesla narrowly missed the analysts’ estimates on revenue, reporting $25.18 billion for the third quarter compared to the expected...

Tesla Stock Slides After EV Maker Misses on Q3 Deliveries

Electric vehicle maker Tesla saw its stock slide by more than 3% on Wednesday after sharing a third-quarter deliveries report that missed the estimates of analysts. Tesla said it produced 469,796 EVs and delivered a total of 462,890 units from July to September, with the...

Early Tesla Investor is Looking to Sell EV Maker’s Stock If There is No Turnaround

Electric vehicle maker Tesla is having a down year, failing to meet its sales goals and being under immense pressure from competition. This has taken a toll on the once-flying company’s stock, which is currently close to 14% down year-to-date. Tesla’s struggles and the erratic...

Morgan Stanley Names Tesla Its “Top Pick” in the U.S. Automotive Industry

Electric vehicle maker Tesla is investment bank Morgan Stanley’s new “top pick” in the U.S. automotive industry. The position was previously held by Ford. According to Morgan Stanley’s analysts, Tesla has a huge upside thanks to its energy business, which is projected to become more...

UBS Downgrades Tesla to Sell After Company’s Winning Streak Ends

The stock of electric vehicle maker Tesla ended its impressive streak of 11 straight days with gains on Thursday. The day after, the stock received a downgrade from UBS Group AG, who now attached a “Sell” rating to it. During the recent rally, Tesla’s shares...