The 49-year-old entrepreneur's net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla's share price
Biden's transition to the White House ends weeks of political uncertainty
As Tesla's market value burgeons, the Palo Alto-based firm is also winning over some long-term skeptics
Tesla will enter the S&P 500 on Dec. 21 following months of speculation and one temporary setback, when the stock failed to make the cut during the index's quarterly rebalancing in early September
Musk, 49, is poised to become the world's third-richest person, after his net worth rises by more than $12 billion
(Reuters) - Tesla Inc is set to join the S&P 500 in December, a major win for Chief Executive Elon Musk that boosted the electric car maker's shares 14% on Monday in anticipation of a $51 billion (£39 billion) trade by index funds adjusting their holdings.
Indonesia has struggled to attract foreign investment at the same pace as some of its neighbours
About 7,000 Model 3s made at the Shanghai gigafactory are set for arrival in Belgium at the end of next month
A team of South Korean researchers have developed a faster charging and longer lasting battery material that can juice up electric cars up to 90% in just six minutes
Maharashtra is already home to a host of domestic and foreign automobile manufacturers with Chakan Industrial belt near Pune a major automobile hub in the state
The news comes as the Chinese electric vehicle industry rebounds after an almost year-long slump.
The company hasn't identified the drivers or said where they are located. Messages were left Thursday seeking comment from Tesla.
Musk says innovations and in-house manufacturing can quickly halve that expense, while most competitors see a slower road to reach price parity with gas guzzlers
India's richest state Maharashtra has invited U.S. electric-car maker Tesla Inc, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year
The electric car maker also affirmed its target to deliver half a million vehicles by the end of this year
SEOUL (Reuters) - Shares in electric vehicle battery maker LG Chem <051910.KS> leapt as much as 4.1% in early trade on Thursday after the firm and major customer Tesla Inc both posted record quarterly profits.
While several analysts believe that goal is attainable, others see a worsening macroeconomic environment ahead
Tesla Inc will further cut the price of its Model S "Long Range" sedan in the United States to $69,420, the electric carmaker's chief executive, Elon Musk, announced in a tweet
Tesla CEO Elon Musk on Monday further revealed plans for the India entry of the electric car maker, saying the process to bring Tesla cars to India will begin in January 2021
LG Chem estimated that its operating profit jumped 159% to 902 billion won in the quarter ended September