WhichEV.Net
  • Buying Advice
  • Events
  • Features
  • News
    • All
    • Charging
    • Commercial Vehicles
    • Consumer Vehicles
    • Cool Car Tech
    • Curiosities
    • Design
    • Energy
    • Environment
    • Industry
    • Legal
    • Market
    • Motorsport
    • Public Sector
    • Records
    • Rumours
    • Safety
    • Sharing

    Driving electricified classic cars with Electrogenic

    1000 miles of charging now included with electric car lease from Gridserve

    Lunaz revealed design, powertrain of the world’s first upcycled EV recycling truck

    Renault to unveil Scenic Vision concept car in 2024 with 75% less carbon footprint than conventional EVs

    EAVX and REE Automotive to begin customer evaluations of new electric walk-in van

    Volvo Cars roll out all-in-one solution to public charging with new in-app integration

    Trending Tags

  • Reviews
No Result
View All Result
WhichEV.Net
  • Buying Advice
  • Events
  • Features
  • News
    • All
    • Charging
    • Commercial Vehicles
    • Consumer Vehicles
    • Cool Car Tech
    • Curiosities
    • Design
    • Energy
    • Environment
    • Industry
    • Legal
    • Market
    • Motorsport
    • Public Sector
    • Records
    • Rumours
    • Safety
    • Sharing

    Driving electricified classic cars with Electrogenic

    1000 miles of charging now included with electric car lease from Gridserve

    Lunaz revealed design, powertrain of the world’s first upcycled EV recycling truck

    Renault to unveil Scenic Vision concept car in 2024 with 75% less carbon footprint than conventional EVs

    EAVX and REE Automotive to begin customer evaluations of new electric walk-in van

    Volvo Cars roll out all-in-one solution to public charging with new in-app integration

    Trending Tags

  • Reviews
No Result
View All Result
WhichEV.Net
No Result
View All Result
Home News Consumer Vehicles Cars

Elon Musk sells silk shorts to celebrate Tesla becoming the most valuable car company again

Gian Matteo Sacchetti by Gian Matteo Sacchetti
7th July 2020
in Cars, Consumer Vehicles, Market, News, Stocks
Reading Time: 2 mins read
Share on FacebookShare on Twitter

There are few certainties in this life but one of them is that anything that Elon Musk touches, turns to gold, like the mythological King Midas. Apparently, his latest business venture is ‘short shorts’, which were launched on Tesla’s website. After Musk tweeted about it to his 36 million followers, the post had over 30 thousand interactions in less than 30 minutes. The website crashed due to the high number of requests in such a small window of time, and the shorts are now sold out.

This news, which certainly give us a smile, comes after Tesla has become the most valuable automaker in the world overtaking Toyota for the second time in just a few weeks. Indeed, the shorts appeared to be intended to poke fun at stock market traders ‘shorting’ Tesla stock (betting on the price of stock going down) and presumably wishing they hadn’t. Their regrets would be evident because shares in the electric carmaker touched $1,134 on Wednesday morning before falling back, leaving Tesla with a market value of $209.47bn (£165bn). That is roughly $4bn more than Toyota's current stock market value.

These shorts having nothing to do with electric vehicles…
…or do they?

After years of losses, the Californian firm has finally delivered three profitable quarters in a row as it ended 2019 with sales of just $24.6bn, having delivered 367,200 vehicles last year. Musk has vowed that Tesla will deliver at least 500,000 vehicles in 2020, a forecast the company has not changed despite the coronavirus pandemic.

There are multiple factors that propelled Tesla to become the most valuable automaker. One of them is the recent news that the company might be on the verge of producing a million-mile EV battery. Also, the fact that with recent updates the new Model S can compete with petrol engines thanks to its 400-mile range, has helped the company in achieving this great result.

Here's a picture of the Tesla Model Y, in a similar colour.

Tesla has been an outlier in the automotive industry since its very first model the Roadster, which showed the world that EVs can be fun to drive. Since then it has been an unstoppable climb to the top.

Tesla has been dominating the EV market for the past years thanks to its powerful batteries and slick designs. More exciting models are on the way with the bulky Cybertruck and the blisteringly fast new Roadster.  It seems that nothing can stop Musk and his companies from conquering the future.

Tags: Tesla
Previous Post

British Gas places biggest ever UK order for electric vans

Next Post

Tesla cuts warranty on troublesome media control unit

Gian Matteo Sacchetti

Gian Matteo Sacchetti

Experienced journalist with a love of electric vehicles. Presently working on an extensive project studying the decay process of lithium-ion batteries and the options available to give them a second life.

Related Posts

Driving electricified classic cars with Electrogenic

24th May 2022

1000 miles of charging now included with electric car lease from Gridserve

24th May 2022

Lunaz revealed design, powertrain of the world’s first upcycled EV recycling truck

23rd May 2022

Renault to unveil Scenic Vision concept car in 2024 with 75% less carbon footprint than conventional EVs

23rd May 2022
Next Post

Tesla cuts warranty on troublesome media control unit

Discussion about this post

Review Finder

Latest News

Driving electricified classic cars with Electrogenic

24th May 2022

1000 miles of charging now included with electric car lease from Gridserve

24th May 2022

Lunaz revealed design, powertrain of the world’s first upcycled EV recycling truck

23rd May 2022

Trending

  • Elon Musk announces Tesla will switch to hydrogen in 2024

    3491 shares
    Share 1396 Tweet 873
  • Was Nikola Trucks the biggest scam yet in electric vehicles?

    1650 shares
    Share 660 Tweet 413
  • Future electric cars: Best upcoming electric cars, SUVs and pickup trucks – 2021 UPDATE!

    1313 shares
    Share 541 Tweet 322
  • How to turn your favourite classic car into an EV

    1201 shares
    Share 497 Tweet 293
  • What makes an EV charging station accessible for people with disabilities?

    1106 shares
    Share 442 Tweet 277
  • About
  • Advertise
  • Privacy Policy
  • Contact the WhichEV team today

© 2020 WhichEV. Limited - All of the independent news and expert reviews you need in one publication.

No Result
View All Result
  • Buying Advice
  • Events
  • Features
  • News
  • Reviews

© 2020 WhichEV. Limited - All of the independent news and expert reviews you need in one publication.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.