CEO Elon Musk on Tuesday outlined Tesla's plans to cut electric vehicle battery design and manufacturing costs at an outdoor version of its shareholders meeting as about 240 shareholders watched, sitting in a Tesla Model 3 in the company parking lot.
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.
Four astronauts riding a newly-designed spacecraft from Elon Musk's rocket company, SpaceX, greeted their new crewmates aboard the International Space Station on Tuesday. The successfully docking was a landmark achievement for private space travel. Adam Reed reports.
On Wednesday, Tesla shares fell as much as 7%. The dip came after Tesla's "Battery Day" event missed expectations. Investors are questioning the company's lofty stock price. CEO Elon Musk unveiled new..