Stock in Tesla Inc. rose another 4.1% Wednesday, pushing the market value of the electric vehicle and solar panel maker past a critical milestone in Musk’s pay package. He could get a stock options package worth over $371 million.
Tesla shares closed at $569.56 on Wednesday, giving the company a market capitalization of $102.7 billion.
Shares have tripled in value since May, meaning Tesla’s market capitalization now exceeds the value of Ford and General Motors, combined.
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PENTAGON RECONSIDERING HUGE JEDI CLOUD COMPUTING CONTRACT
The Pentagon is reconsidering how to make a massive shift to cloud computing, officials said Monday, suggesting it could scrap the so-called JEDI contract potentially worth $10 billion that was awarded to Microsoft Corp. but is mired in legal challenges.
GERMAN WATCHDOG BANS FACEBOOK FROM PROCESSING WHATSAPP DATA
TESLA TO STOP ACCEPTING BITCOIN FOR CAR PAYMENTS
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.
CHINA SAYS XIAOMI REMOVAL FROM U.S. BLACKLIST “BENEFICIAL”
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KENTUCKY PLANT BENEFITING FROM LATEST APPLE INVESTMENT
Apple deepened its ties to a Kentucky plant on Monday by awarding another $45 million to support Corning Inc.’s work to supply glass for the tech giant’s iPhones and other devices.
FACEBOOKBACKED DIGITAL CURRENCY PROJECT DIEM SHIFTS TO US
A once-ambitious Facebook-backed digital currency project — formerly known as Libra, now called Diem — is shifting operations from Switzerland to the U.S. and said it plans to launch a cryptocurrency tied to the U.S. dollar later this year.
JAPANESE TYCOON PLANNING SPACE STATION VISIT, THEN MOON TRIP
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AMAZON WINS EU COURT FIGHT OVER $300 MILLION TAX RULING
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BIDEN SIGNS ORDER TO BEEF UP FEDERAL CYBER DEFENSES
President Joe Biden signed an executive order meant to strengthen U.S. cybersecurity defenses in response to a series of headline-grabbing hacking incidents that highlight how vulnerable the country’s public and private sectors are to high-tech spies and criminals operating from half a world away.
ALIBABA RECORDS FIRST QUARTERLY OPERATING LOSS SINCE IPO
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TESLA POSTS $438M 1Q PROFIT ON STRONG ELECTRIC VEHICLE SALES
Charged up by strong sales of its electric cars and SUVs, Tesla posted its seventh-straight profitable quarter.
AUTO GROUP BACKS GUIDELINES FOR PARTIALLY AUTOMATED VEHICLES
The trade association representing most major automakers is offering guidelines for manufacturers to advertise partially automated driving systems and to make sure drivers are paying attention while using them.
Brain-chipped ape plays video game – with its mind!
MERCEDES ROLLS OUT LUXURY ELECTRIC CAR IN DUEL WITH TESLA
Daimler AG unveiled a battery-powered counterpart to its top Mercedes-Benz luxury sedan as German carmakers ramp up their challenge to electric upstart Tesla.
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