Wow! Elon Musk-led Tesla hits $100-bn market value for the first time
Elon Musk-run Tesla has hit the $100 billion in stock market valuation for the first time.
Signalling an all-electric future is coming our way, Elon Musk-run Tesla has hit the $100 billion in stock market valuation for the first time. Tesla shares were last up 1.4 per cent at $555 after trading was closed on Tuesday, reports CNBC.
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Musk paid price for a tweet
The US Securities and Exchange Commission (SEC) sued Musk over the tweet, saying he misled investors by claiming falsely he had lined up funding for the take-private transaction. Musk reached a settlement with the SEC, agreeing to give up his role as Tesla Chairman and pay a $20 million fine. Photo: Reuters