An unexpectedly profitable three months propelled Tesla’s stock to over USD 850 before it plunged to USD 670 when the electric carmaker’s chief executive, Elon Musk, sent out a tweet complaining about the high price. Not much later, though, the stock rallied again, racing toward USD 1,000 after sister company SpaceX, which is also headed by Musk, announced it successfully sent one of its rockets into orbit.
Tesla: Nothing More Than Visions?
With great fanfare, Tesla head Elon Musk announced what he had devised as a second masterplan. The corporation is not only to produce batteries for its Powerpack and Powerwall, but should also supply the added solar modules (takeover of sister company SolarCity is in progress). The new plan additionally includes aims to design several other electric cars – from trucks and smaller transport vehicles to buses.