Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi

General

Tesla Hits $100 Billion Valuation Mark


Tesla has crossed the $100 billion stock market evaluation, becoming the first US car manufacturing company to hit the mark.

This comes as a great sign even as the company’s CEO, Elon Musk inches closer to earning the first $346 million tranche of options in a record-breaking pay package.

According to Reuters, the $100 billion valuation stays for both a one-month and six-month average, then it will trigger the vesting of the first of 12 tranches of options granted to Musk to buy Tesla stock.

The company’s shares were last up 1.4% at $555 after the bell, building on a 7.2% gain during trading when brokerage New Street Research raised its price target to $800.

Tesla is an American automotive and energy company based in Palo Alto, California. The company specializes in electric car manufacturing and, through its SolarCity subsidiary, solar panel manufacturing. It operates multiple production and assembly plants, such as Gigafactory near Reno, Nevada, and its main vehicle manufacturing facility at Tesla Factory in Fremont, California.

See Also:

Tesla Raises $1.2 Billion, 20% More Than Planned

Google’s Parent Company’s Market Value Hits $1 Trillion



Source link


Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.


Comments

comments

Click to comment

Facebook

You May Also Like

News

*Editor’s Note: This open letter to Safaricom has been published as received. No redactions have taken place to avoid legal issues pending a court...

News

  These pictures you are about to view calls to heart the need to be extremely careful about what you do in the  secret...

News

This is an intervention for Victoria Rubadiri so as to help her revert back to factory settings. We notice your slow drift away into...

News

Caption : Edwin Kigen Who was Murdered in Madaraka Estate. We demand for answers from Boinnet ! Another young man may have been brutally assaulted and...

Copyright © 2020 Cyprian Is Nyakundi.