Elon Musk has become the first person ever to surpass a net worth of US$500 billion, reaching US$500.1 billion by Wednesday afternoon. This remarkable achievement follows Tesla’s share rebound and the soaring success of his other business ventures.
Refined Wealth Management has taken a new position in Tesla, acquiring 668 shares during the second quarter. Valued at about $212,000, this investment represents around 0.1% of the firm’s holdings, according to its filing with the SEC.
Tesla electric vehicles are rewriting the rules on fuel costs, offering monthly expenses around $64 compared to $137 for traditional trucks like the Chevy Silverado. With maintenance and regional incentives factored in, Tesla emerges as a prime contender for drivers looking to cut costs and reduce their environmental footprint.
U.S. stocks opened the week on a positive note, with the S&P 500 edging above its previous record. The Dow Jones Industrial Average added 61 points, and Tesla shares soared after CEO Elon Musk disclosed a $1 billion purchase.
Tesla’s Berlin Gigafactory is escalating production to keep pace with Europe’s surging appetite for electric vehicles. The site recently assembled its 500,000th Model Y and is now rolling out an upgraded variant of the popular SUV, showcasing Tesla’s innovative momentum.
First Financial Bank Trust Division has added Tesla shares to its investment portfolio, purchasing 1,744 shares in the second quarter. This move, valued at approximately $554,000, underscores Tesla’s continued appeal among institutional investors.
Tesla is seeing its sales continue to dip across Europe’s largest electric vehicle markets, even as demand for EVs surges. The slump is costing the company valuable market share in countries where competition is growing.
In a new Tesla video titled “Sustainable Abundance,” sharp-eyed viewers spotted clay models that strongly resemble an SUV version of the Cybertruck. Though the company has not confirmed production plans, this early glimpse sparks excitement among enthusiasts eager for Tesla’s next design move.
Tesla has introduced a more accessible monthly option for its Full Self-Driving feature, allowing owners to pause or skip a month. This flexible pricing approach aims to make advanced autonomy more convenient and less costly for users.
Tesla is putting its autonomous driving technology to the test beneath Las Vegas, with human drivers still taking the wheel for safety. Despite the optimism around self-driving cars, a local executive notes that complete autonomy remains some distance away.
