Californian Tesla Inc. shares storms past $1,000 as Musk brings in the Semi-trucks



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Californian Tesla Inc. shares storms past $1,000 as Musk brings in the Semi-trucks

On Wednesday, the Palo Alto, CA-based e-vehicle industry titan Tesla Inc. Chief Elon Musk said in an email to his staffs that it was the time to ramp up the Tesla Semi Commercial truck’s “volume production,” eventually lifting up the Nasdaq-listed Tesla Inc.

stocks as much as 8.97 per cent to $1,025.05, which in effect had made the American multinational electric vehicle manufacturer the second-largest automaker in the world behind Toyota Motor Corp. Nonetheless, Musk’s email to flesh up productions of Tesla Inc.

Semi Commercial trucks, seen by a press agency reporter, had not specified an exact time frame, though Musk tweeted “yes” on later part of the day while being asked whether the report on Semi Truck production email was true.

More importantly, latest move from Elon Musk to “volume up” the production lines of Tesla’s Semi Commercial trucks came forth a couple of days after the second-largest carmaker in the United States, General Motors, which had lost its automotive industry crown to Tesla Inc.

earlier this year, had issued a statement saying that it would soon launch the production lines of its electric vans for business purposes, a sector untouched by Elon Musk thus far. Though, followed by the Wednesday’s emailed message to his staffs on beefing up productions of the Tesla Semi Commercial Trucks, Elon Musk had sent a strong message to the US automakers, suggesting no stones might be unturned by Tesla in the e-vehicle industry.

Tesla shares surge past $1,000 level, becomes second-most valuable automaker

On top of that, as beforementioned, following the reveal of media headlines that the Tesla Boss had told his staffs to “volume up” productions of Tesla Semi Commercial Trucks, Tesla shares had wrapped up the day just a shy of 9 per cent higher to $1,025, making the Silicon Valley automotive industry tycoon the second-largest carmaker by market caps behind Japan’s Toyota.