{"id":6410,"date":"2020-12-10T18:21:39","date_gmt":"2020-12-10T15:21:39","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=6410"},"modified":"2023-09-06T14:34:31","modified_gmt":"2023-09-06T11:34:31","slug":"tesla-in-the-center-of-attention-again","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2020\/12\/10\/tesla-in-the-center-of-attention-again\/","title":{"rendered":"Tesla in the Center of Attention Again"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>This week, the king of breaking news is, no doubt, an American electric car producer <a href=\"https:\/\/roboforex.com\/beginners\/info\/charts\/stocks\/TSLA\/\" data-internallinksmanager029f6b8e52c=\"275\" title=\"Tesla Inc\">Tesla<\/a>. Several pieces of news from Elon Musk&rsquo;s company got public attention, and all of them are quite interesting. Check them out.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-chapter-one-tesla-selling-stocks\"><span class=\"ez-toc-section\" id=\"Chapter_one_Tesla_selling_stocks\"><\/span>Chapter one. Tesla selling stocks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On December 8th, Bloomberg let out a rumor that Tesla was planning to sell its securities for 5 billion USD, inspired by the impressive growth of the quotations. Tesla already did this: it sold its <a href=\"https:\/\/roboforex.com\/forex-trading\/assets\/stocks\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"invest in stocks\">stocks<\/a> for 2 billion USD in February and for 5 billion USD &ndash; in September.<\/p>\n\n\n\n<p>The money it makes is used for extending and developing its producing powers. The sale in December will let the company complete the construction of plants in Berlin and Texas.<\/p>\n\n\n\n<p>An international company specializing in financial analysis announces that today, 758.13 million stocks of the electric car producer are in circulation, which is almost 80% of the overall amount.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-chapter-two-tesla-and-the-crazy-growth-of-its-capitalization\"><span class=\"ez-toc-section\" id=\"Chapter_two_Tesla_and_the_crazy_growth_of_its_capitalization\"><\/span>Chapter two. Tesla and the crazy growth of its capitalization<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>During Monday and Tuesday, the stock price of mister Musk&rsquo;s company grew by 8.5%, reaching 649.9 USD per stock. Thus, the capitalization of Tesla exceeds 600 billion USD, amounting to 616.02 billion USD, to be precise.<\/p>\n\n\n\n<p>In terms of the market cost, the company leaves other car producers, including Toyota Motor Corporation (197.17 billion USD) and Volkswagen AG (79.76 billion USD) far behind.<\/p>\n\n\n\n<p>Note the yearly growth of Tesla stocks: in 2020, the stock price increased by 663%. The sky-rocketing of the quotations these weeks has been provoked by the news that the company will be added to the <a href=\"https:\/\/roboforex.com\/beginners\/info\/charts\/indices\/us500indexcash\/\" data-internallinksmanager029f6b8e52c=\"313\" title=\"SP 500\">S&amp;P 500<\/a> index, and in one tranche rather than step by step.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-chapter-three-tesla%E2%80%99s-report-on-race-and-gender-distribution\"><span class=\"ez-toc-section\" id=\"Chapter_three_Teslas_report_on_race_and_gender_distribution\"><\/span>Chapter three. Tesla&rsquo;s report on race and gender distribution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In the management, there are 83% of men and 17% of women;<\/li>\n\n\n\n<li>As for races in the management, white people make 59%, Asian people &ndash; 25%, Afro and Latin Americans &ndash; 4%, other races &ndash; 12%;<\/li>\n\n\n\n<li>Among all employees, there are 79% of men and 21% of women;<\/li>\n\n\n\n<li>As for races, 40% of employees are white people, 22%are Latin Americans, 21% are Asians, 10% are Afro Americans, 7% belong to other races.<\/li>\n<\/ul>\n\n\n\n<p>If you wonder about the purpose of such a report, I remind you that at the beginning of December, NASDAQ representatives asked the SEC for new standards.<\/p>\n\n\n\n<p>The rules are meant for regulating the allocation of workplaces by race and gender in companies, represented in the exchange. NASDAQ management states that corporate America must represent all minorities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-summing-up\"><span class=\"ez-toc-section\" id=\"Summing_up\"><\/span>Summing up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Tesla is going to sell its stocks for 5 billion USD to complete the plants in Berlin and Texas. Its stocks are trading for 649.9 USD each, increasing the capitalization to 616.02 billion USD. Analysts explain such swift growth by the fact that the car producer will be added to the S&amp;P 500.<\/p>\n\n\n\n<p>Also, the company represented the race and gender distribution of its employees, demonstrating how workplaces in the management and generally are distributed between the representatives of different races and genders.<\/p>\n\n\n\n<p>It is just Wednesday, so there might be more news about Tesla this week. Stay tuned not to miss anything interesting.<\/p>\n\n\n\n<p class=\"wp-block-button aligncenter\">\n<a class=\"button button-green\" href=\"https:\/\/my.roboforex.com\/en\/register\/\" rel=\"nofollow\">Open Trading Account<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>What's going on with the US electric car producer?<\/p>\n","protected":false},"author":58,"featured_media":6411,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[1033,1072,48,1031],"class_list":["post-6410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-elon-musk","tag-sp-500-index","tag-tesla-inc","tag-volkswagen-ag"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla in the Center of Attention Again - RoboForex Blog<\/title>\n<meta name=\"description\" content=\"The capitalization of Tesla is over 600 billion USD. The company is planning to sell stocks for 5 billion USD. What will it use the money for?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/roboforex.com\/blog\/2020\/12\/10\/tesla-in-the-center-of-attention-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla in the Center of Attention Again - RoboForex Blog\" \/>\n<meta property=\"og:description\" content=\"The capitalization of Tesla is over 600 billion USD. The company is planning to sell stocks for 5 billion USD. 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