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. 

IANS | Jan 22, 2020, 04:36 PM IST

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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Elon Musk's twitter connection

Elon Musk's twitter connection

The milestone came less than a month after Tesla's stock crossed $420 — a price Musk tweeted last year which put him in much trouble. Photo: Reuters

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What next for Musk

What next for Musk

The $100 billion valuation must stay for both one-month and six-month average in order to help Musk get first of 12 tranches of $346 million in a record-breaking pay package. Photo: Reuters

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Tesla vs Ford Motor vs General Motors

Tesla vs Ford Motor vs General Motors

Tesla is currently valued more than Ford Motor and General Motors combined. Musk lost his position as Tesla Chairman after posting a notorious tweet in August last year that he was "considering taking Tesla private at $420. Funding secured". Photo: Reuters

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Musk paid price for a tweet

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

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Tesla's performance at Wall Street

Tesla's performance at Wall Street

Tesla surprised Wall Street in October by registering a profitable third quarter with total revenue of $6.3 billion riding on sales of its Model S, Model X and Model 3 electric cars. Photo: Reuters

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Fundamentals of Tesla share price

Fundamentals of Tesla share price

In the third quarter, automotive revenues were $5.35 billion. Tesla said it expected to deliver between 360,000 and 400,000 vehicles this year, representing 45-65 per cent growth. Photo: Reuters