Tesla boss Elon Musk launches Tesla Tequila brand after two-year wait
The spirit, which is marketed as a “premium 100% de agave tequila añejo aged in French oak barrels", was originally teased in a tweet by Musk in 2018
Company
NASDAQ:TSLA
Tesla Inc designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offer services related to its products. The company's segments include automotive, and energy generation and storage.
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The spirit, which is marketed as a “premium 100% de agave tequila añejo aged in French oak barrels", was originally teased in a tweet by Musk in 2018
Tesla shares gained US$13.92 or 3.26% to trade at US$436.69
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Banks led the gains as the 10-year Treasury yield hit a four-month high
The electric vehicle firm’s revenue rose to $8.77 billion, up from $6.30 billion a year earlier above consensus expectations for $8.36 billion
Companies need a record of successive quarterly profits to be included in the Wall Street benchmark
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Negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are making progress
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Rather than a threat to existing producers, Tesla Inc.’s push into lithium mining is a sign of future demand strength, according to the largest producer of the key ingredient in batteries for electric vehicles. “They’re kicking the industry
Elon Musk still has to lift production even further in the final quarter to hit his target of 500,000 vehicles
This plan includes manufacturing at a very large scale, an innovative type of lithium-ion battery with a cathode that contains around 33% manganese, made directly from manganese metal.
Deutsche Bank upgraded the stock to 'buy' after hiking its forecasts
Investors slashed $50 billion from Tesla’s market cap after-hours as Musk and other Tesla executives presented their ‘Battery Day’ strategies
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Batteries make up a significant portion of the cost of an electric vehicle
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Amazon.com shares led tech stocks, rising 5.7% after a Bernstein analyst upgraded the e-commerce giant to buy from hold
There is speculation that among the electric car-marker's announcments may be a cobalt-free battery, using more of less costly metals such as nickel and manganese
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Apple, which slumped 3% to $106.84 a share, has lost 22.6% from its intraday record high of $137.98 on September 2
On the week, the S&P 500 and the Nasdaq fell 2.55% and 4.1%, respectively
The Swiss bank predicted the event will see new cell technology, notably a dry electrode design, at its core, which they expected to cement Tesla’s “cost and technology lead for several more years”.
Scottish investor would have made around US$3bn less if it had sold shares this week
It was the worst daily performance for shares in the electric car pioneer in what has already been a rollercoaster ride
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The main indices were in the red in New York, dragged down by the tech selloff and US-China trade jitters