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Added on the 08/01/2020 17:07:04 - Copyright : BANG Showbiz
Argentina's President Javier Milei visits the Tesla factory in Austin, United States, with Tesla CEO Elon Musk. IMAGES
Images of Tesla chief executive Elon Musk taking his private jet to leave for Shanghai after the Beijing visit during which he has met multiple Chinese government officials. IMAGES
On Monday, Tesla stock climbed as much as 5%. Business Insider reports that Tesla's market capitalization is north of $700 billion. Elon Musk's company exceeded its production target of 500,000 vehicles last year. The company has fallen just short of 500,000 deliveries. "So proud of the Tesla team for achieving this major milestone!" Musk tweeted about the news. Tesla's stock price soared by more than 740% in 2020.
After a month-long argument with the Great State of California, Tesla founder Elon Musk has had enough. According to Business Insider, Musk confirmed on Tuesday that he has moved to Texas. Musk began extricating himself when local COVID-19 restrictions forced Tesla to temporarily close its only US car factory in the Bay Area. Over the summer, as he sold many Los Angeles-area homes, Musk also quietly moved his charitable foundation to Texas. At a virtual conference on Tuesday, Musk pointedly noted Tesla owns the last car manufacturing plant in the entire state of California.
Last year Tesla CEO Elon Musk predicted autonomous driving would boost his company's market capitalization to $500 billion. On Monday, Tesla's market cap soared as high as $498 billion even though Tesla is still refining its self-driving software. Business Insider reports that it has only released a beta version to a limited number of customers. Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC reported. The Tesla chief projected in 2015 that his company's market cap could balloon to $700 billion by 2025.
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