Tesla and the S&P 500: what could have been? January 12, 2021 | City Talk Tesla has finally joined the S&P 500 Index on 21 December 2020. Back in September, Standard & Poor’s announced that the index’s inclusion committee had decided not to add Tesla to the S&P 500. This unexpected news sent Tesla shares tumbling more than 16% in one day. Given Tesla’s sheer size — it is now among the [...]
Tesla sets vehicle delivery record but falls just short of Musk’s target January 3, 2021 Tesla set a fresh record for vehicle delivery numbers in 2020, but narrowly missed out on hitting boss Elon Musk’s target. The electric car maker delivered 499,950 vehicles during the year, well above Wall Street expectations of 481,261 vehicles. However, the figure was 450 vehicles shy of Musk’s target of half a million. In a [...]
Musk claims Apple once snubbed talks to buy Tesla December 23, 2020 Elon Musk has claimed Apple chief executive Tim Cook snubbed talks to buy Tesla back in 2017, when it was going through its “darkest days”. The tech billionaire said he reached out to the iPhone manufacturer in 2017, but CEO Tim Cook refused to take the meeting. Yesterday Musk tweeted: “During the darkest days of [...]
Tesla shares jump to record high ahead of S&P 500 debut December 19, 2020 Tesla shares rose to a record high on Friday as investors geared up for the electric carmaker’s anticipated entrance into the S&P 500 index. The company, headed up by billionaire Elon Musk, will become the most valuable ever admitted to Wall Street’s main market on Monday, accounting for more than 1 per cent of the [...]
On the charge: Tesla breaks $500bn market valuation after stock rally November 24, 2020 Tesla has broken through the $500bn (£375bn) market value mark following a mammoth rally that has seen its share price rise more than sixfold this year. The company’s shares were opened more than five per cent up today to give the firm a market cap of $519bn. The growth will round off an historic year [...]
Number of Tesla cars on UK roads triples in past year November 11, 2020 The number of Tesla cars on UK roads has more than trebled in the last year, new data from accountants UHY Hacker Young has shown. As of March, there were 90,900 models of the electric car in this country, up a whopping 336 per cent on the previous year. The rise in ownership comes on [...]
Tesla cracks revenue record and beats estimates, shares take off October 21, 2020 Tesla on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8bn (£6.7bn), boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers. The electric car maker also affirmed its target to deliver half a million vehicles by the end of this year, a goal that will [...]
DEBATE: Should we be worried about a tech bubble? September 2, 2020 Should we be worried about a tech bubble, particularly in emerging markets? Tatjana Puhan, managing director and deputy chief investment officer at TOBAM, says YES. Over recent years, we see a clear trend of investors becoming exposed to higher concentration risk in specific sectors like technology. Having represented already a considerable risk exposure in major [...]
Tesla seeks to cash in on record run with $5bn share sale September 1, 2020 Tesla today said that it would sell $5bn (£3.7bn) in new shares as the electric car maker seeks to cash in on a record rally which has seen the stock rise nearly 500 per cent this year. According to a filing to the US Securities and Exchange Commission, the new shares will be sold “from [...]
Tesla shares surge again on hopes of S&P 500 listing July 13, 2020 Shares in electric vehicle firm Tesla continued their meteoric rise today, jumping another 14.6 per cent to hit $1,770.33 this afternoon. The new increase means that the firm’s shares have increased over 650 per cent in the last 12 months, when they were trading at $233. Since beating expectations for vehicle delivery numbers at the [...]