High tech

Elon Musk Reveals Adjustments To Be Made To Self Driving Car

Tesla Nears $500-Billion Market Cap

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.

Tesla ‘Full Self-Driving’ Update Hitting Select Vehicles

Elon Musk Made Jab At Facebook,

Susan Walsh/AP; Erin Scott/Reuters There's no love lost between Elon Musk and Mark Zuckerberg. The billionaire tech CEOs — who helm Tesla and SpaceX, and Facebook, respectively — have been feuding since at least 2016, when a SpaceX rocket explosion destroyed a Facebook satellite. Since then, they've butted heads over everything from artificial intelligence to Facebook's data-collection practices. Most recently, Musk tied Facebook to the violent insurrection in Washington, DC, describing it as a "domino effect." Visit Business Insider's homepage for more stories.

Tesla Up 5%

On Friday, Tesla climbed as much as 8.4%. That's the 11th straight day of gains as the automaker's massive rally continues into the new year. The billionaire investor Chamath Palihapitiya said Thursday that Tesla's market cap stood to triple from its already lofty levels. Investor Michael Burry told Tesla bulls in a tweet on Thursday that they should enjoy the rally "while it lasts."