Tesla to offer 2.65 million shares as stock price skyrockets
Owing to the astronomical rise in the stock value of electric carmaker Tesla, CEO, founder, and billionaire inventor Elon Musk has stated that the company will be offering 2.65 million shares to raise an additional 2 billion USD, of which Musk will buy up to 10 million USD while board member and Oracle co-founder Larry Ellison will buy up to 1 million USD's worth of shares.
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Best performing stock market in Asia
Best performing stock market in Asia
A New York-based financial markets research firm marketcurrentswealthnet.com termed Pakistan Stock Exchange as the best performing stock exchange in Asia and fourth-best in the world. "PSX benchmark KSE-100 index has given a return on investment of 38.5% in dollar terms as foreign capital has been flowing into the market after the yield on the nation's bond fell below double digits," the report said.
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AA
Elon Musk celebrates Tesla’s performance by trolling SEC and short-sellers
Tesla recently crossed Toyota’s market cap to become the world’s most valuable automaker, The shares of Tesla gained almost 200% this year and Elon Musk celebrated the performance of his company by trolling SEC and some short-sellers. "Tesla will make fabulous short shorts in radiant red satin with gold trim," Musk tweeted. "SEC, three-letter acronym, the middle word is Elon's," Musk said in a separate tweet
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Bangkokpost
Tesla beats Toyota to become the world’s most valuable automaker
American electric automaker Tesla became the world’s most valuable automaker on Wednesday when the electric vehicle company’s market capitalization surpassed Toyota’s for the first time. Shares of Tesla gained 5% to hit a new all-time high of $1,135, giving the company a valuation of roughly $206.5 billion, compared with Toyota’s valuation of about $202 billion
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CNBC
Tesla Shanghai to produce 4,000 electric vehicles per week
Tao Lin, vice president of Tesla China said that Tesla Shanghai Gigafactory is expected to produce 4,000 electric vehicles per week by next month in an effort to exceed the production capacity. 4,000 units per week would result in Tesla producing roughly 200,000 electric cars per year at the plant. The Tesla executive also shed some light on the planned timeline to bring the Model Y to China
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electrek