Tesla Records Highest Single-Day Gain Since 2013, Soars 21.92%

October 25, 2024 – Tesla’s stock price surged by 21.92% on October 24th, marking the company’s largest single-day gain since May 2013. The stock closed at 260.48pershare,withamarketvalueincreaseofapproximately150 billion overnight. This significant jump in Tesla’s share price was primarily driven by the impressive financial results announced by the company on Wednesday. In the third quarter of…

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Nvidia Backs Tesla’s Humanoid Robot, Highlighting Advanced Remote Control Skills

October 20, 2024 – The recent controversy surrounding Tesla’s humanoid robot, Optimus, due to its remote control during a demonstration, has sparked mixed reactions. While some analysts and investors have criticized the company for being “dishonest” and misleading, Rev Lebaredian, the Vice President of Nvidia’s Omniverse development platform and simulation, has come forward to defend…

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Tesla’s ‘We, Robot’ Faces Design Controversy as ‘I, Robot’ Director Mulls Legal Action

October 15, 2024 – Following the conclusion of Tesla’s “We, Rebot” conference, Alex Proyas, director of the film “I, Robot,” took to social media platform X to draw parallels between Tesla’s new products and the futuristic designs featured in his movie. Proyas posted a series of comparative images, juxtaposing Tesla’s Optimus robot, Cybercab self-driving taxi,…

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Tesla’s Stock Tumbles 8% After ‘Historic’ Announcement; Market Cap Drops by $67 Billion

October 12, 2024 – In the local markets on October 11, Tesla’s shares plunged by 8.78%, closing at 217.8,whichresultedinamarketcapitalizationof695.79 billion. This significant drop wiped out $67 billion from the company’s valuation overnight. The preceding day, on October 10, Tesla unveiled its autonomous taxi and autonomous van models. However, due to the scarcity of detailed information,…

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