Tesla market value crosses $800 billion for the first time
Shares of Tesla Inc jumped 4.9% on Friday, taking the electric-car maker's market capitalization to more than $800 billion for the first time ever.
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Signal, Telegram see demand spike as new WhatsApp terms stir debate
Signal and Telegram messaging apps are seeing a sudden increase in demand after larger rival WhatsApp's updated terms of service raised eyebrows on social media.
Tesla launches cheaper variant of Model Y SUV
Tesla Inc launched a cheaper variant of the Model Y, bringing its sports utility vehicle's price closer to that of its Model 3 sedan, the electric-car maker's least expensive car.
This ETF Could Turn Your $600 Stimulus Check Into $3,768
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Twitter Lifts Ban On Trump; FB, Instagram Accounts Remain Blocked
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1 FAANG Stock to Buy and 1 to Avoid in 2021
Who needs amusement parks when you have the stock market? Investors were taken on a roller coaster ride in 2020 due to the pandemic. After the benchmark S&P 500 lost 34% of its value in roughly a month, it spent the following nine months rocketing higher. The 16% gain the S&a
Tesla Surges to Record Putting Elon Musk Ahead Of Jeff Bezos As the World’s Richest Person – Report
Shares in Tesla on Jan. 7 rose 8% to $816 boosting the electrical vehicle maker's market cap to $774 billion, which helped its billionaire CEO Elon Musk to replace Amazon's head Jeff Bezos as the world’s richest person.
The surge in Telsa’s (TSLA) share price meant that Musk’s net worth ballooned to around $187 billion, overtaking Bezos as the richest person in the world, a title that Bezos has held since 2017, according to the Bloomberg Billionaires Index.
The main source of Musk’s $187 billion net worth is his large stakes in his companies, from which he derives a very small salary, according to Business Insider. Tesla shares have gained more than 700% in value in 2020, making it the most valuable car company by far. Musk responded to the news on Twitter (TWTR) on Thursday morning saying “How Strange…Well, back to work…”
Reuters reported that over $39 billion worth of Tesla shares were traded during the session lifting Tesla’s market cap above that of Facebook (FB) and just behind Alphabet (GOOGL) for the first time, making it Wall Street’s fifth most valuable company. (See TSLA stock analysis on TipRanks)
RBC Capital analyst Joseph Spak upgraded TSLA stock yesterday from Sell to Hold and more than doubled his price target from $339 to $700. Following the stock's sharp rally over the past year, the new price target still implies downside potential of around 14% from current levels.
Spak admitted in a note to investors, “There is no graceful way to put this other than to say we got TSLA's stock completely wrong…Our biggest miss was how TSLA can take advantage of its stock price to raise capital inexpensively and fund capacity outlays and growth.”
According to Spak, Tesla is “the ultimate sentiment pendulum” and serves as the poster child for the electric vehicles market.
Consensus among analysts is a Hold based on 7 Buys, 12 Holds and 6 Sells. The average price target of $494.83 implies downside potential around 39% over the next 12 months.
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Hacking victim SolarWinds hires ex-Homeland Security official Krebs as consultant
The company used by hackers as a springboard for the worst-known breach of U.S. government computers in at least five years has hired some of the biggest names in security to help it recover.
Hacking victim SolarWinds hires ex-Homeland Security official Krebs as consultant
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Tesla's stock market value tops Facebook's in huge trading
Shares of Tesla surged to a record high in heavy trading on Thursday, with the electric car maker's stock market value exceeding Facebook's for the first time.
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Notable Thursday Option Activity: WW, FB, COST
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United States suspends French tariffs over digital services tax
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Tesla's stock market value tops Facebook's
Shares of Tesla surged to a record high on Thursday, with the electric car maker's stock market value briefly exceeding Facebook's for the first time.
Shopify removes stores affiliated with Trump
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Facebook, Instagram to block Trump's account for rest of his presidential term
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Is Facebook Stock a Buy?
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Facebook, Twitter Temporarily Lock Trump's Account After Capitol Hill Riot
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USTR slams India, Italy, Turkey on digital taxes but holds off on tariffs
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Twitter restricts Trump tweet for 'risk of violence' as protesters storm U.S. Capitol
Twitter Inc restricted users from retweeting a video and tweet from President Donald Trump on Wednesday "due to a risk of violence," as hundreds of protesters stormed the U.S. Capitol seeking to force Congress to undo the president's election loss. [nL1N2JH25T]
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