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Tesla s Market Value Just Added $50 Billion

Not exactly chump change. Tesla defied many analysts expectations for the first quarter of 2021 when it reported more new vehicle deliveries than predicted. Over 184,000 electric cars, consisting mainly of the Tesla Model 3 and Model Y, reached customers in the first three months of the year, surpassing the 178,000-unit prediction. In total, Tesla built 180,338 vehicles. Not only is Tesla firmly holding on to its title and status as the world s most valuable automaker, but it s now increased that value by $50 billion. Reuters reports Tesla stock jumped by almost 8 percent in pre-market trading this past Monday. It s now on track to hit its highest price in over a month. A few brokerage firms raised their Tesla stock prices, with one increasing from $50 to $1,000.

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Tim Cook Finally Has Something To Say About An Apple Car

Apple s CEO compares its upcoming autonomous car to a robot. It s no secret that Apple is working on an electric car with highly advanced autonomous technology previewed by leaked patent designs. In response, rival smartphone companies in China such as Huawei and Xiaomi are already planning to make their own battery-electric cars. After failing to strike a deal with Hyundai and Nissan to manufacture the car, Apple is now reportedly in talks with Magna, an auto parts supplier based in Canada that is building the Fisker Ocean. While these plans are still rumors, Apple still hasn t acknowledged its intent to enter the auto industry - until now. In a recent episode of Kara Swisher s Sway podcast for the New York Times, Apple s CEO hinted at what we can expect from the technology giant s first car, comparing it to a robot.

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Tesla Continues To Defy All Expectations

2021 s first delivery numbers are in. Those who thought Tesla could soon lose its status as the world s most valuable automaker couldn t be more wrong. Since beating out Toyota for that title last summer, Tesla has been on a roll and it s continuing in 2021. For the first three months of the year, Tesla posted record deliveries despite the many challenges automakers continue to face as the world tries to emerge from the coronavirus pandemic. It also defied Wall Street expectations. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity, Tesla said in an official statement. The new Model S and Model X have also been exceptionally well received… and we are in the early stages of ramping production.

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Tesla s New Gear Shifter Looks Complicated And Dangerous

Tesla s New Gear Shifter Looks Complicated And Dangerous
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Tesla Cancels Full Self-Driving Rollout

Tesla Cancels Full Self-Driving Rollout
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