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Wall Street’s most controversial stock may be about to go mainstream.

Tesla Inc appears on the verge of joining the S&P 500, a major accomplishment for Chief Executive Officer Elon Musk that would unleash a flood of new demand for the electric car maker’s shares, which have already surged 500% over the past year.

Higher-than-expected second-quarter vehicle deliveries, announced last week, have analysts increasingly confident the company will show a profit in its quarterly ...


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After surpassing Toyota Motor Corp as the world’s most valuable automaker and stunning with forecast-beating deliveries, Tesla Inc has taken time out to poke fun at the company’s naysayers - with sales of red satin shorts.

“Limited edition short shorts now available,” CEO Elon Musk tweeted on Sunday.

Limited edition short shorts now available at https://t.co/5EmNcTBvJv
— Elon Musk (@elonmusk) July 5, 2020

The “Short Shorts” on the Tesla shop websi...


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BEIJING (Reuters) - Ford Motor’s China ventures reported year-on-year sales growth for June as the world’s biggest auto market continues to recover from coronavirus-induced lows.

The U.S. automaker’s Chongqing-based venture with Changan said on Monday its sales jumped 7.7% from a year earlier. It did not disclose the number of vehicles sold.

Ford’s new SUV models including Escape, Edge and Explorer are selling well and contributed to growth in past months, it said ...


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Tesla Inc outpaced analyst estimates for second-quarter vehicle deliveries on Thursday, defying a trend of plummeting sales in the wider auto industry as coronavirus-linked lockdown orders kept shoppers at home, and sending its shares up 8%.

The unexpected delivery numbers come a day after Tesla became the highest-valued automaker, surpassing the market capitalization of former front-runner Toyota Motors Corp.

The rally on T...


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By Tina Bellon(Reuters) - Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker’s market capitalization overtook that of former front runner Toyota Motors Corp.Tesla shares gained 5% in early morning trade to a record of $1,133, boosting the company’s market cap to $209.47 billion - roughly $6 billion more than Toyota is currently valued by investors.Tesla is now worth more than triple the combined value of U.S. automakers G...


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WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it has opened two investigations into reports of headlight failures in 392,000 Kia Sorento sport utility vehicles and steering issues in 781,000 General Motors vehicles. NHTSA said it had received 74 reports of sudden, unexpected loss of headlights in model year 2011-2013 Kia Sorento vehicles including some while drivers were making a turn or traveling on the highway. Rep...


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WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) said Tuesday it had opened an investigation into 63,000 Tesla Model S cars after reports of media-control unit failures that led to the loss of the use of touchscreens. The auto safety agency said the preliminary evaluation, covering 2012-2015 model year vehicles, comes after it received 11 complaints alleging premature failure of the media-control unit due to memory wear-out. A compl...


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SHANGHAI (Reuters) - Tesla Inc’s stock jumped above $1,000 a share on Wednesday after Chief Executive Elon Musk told his staff it was time to bring the Tesla Semi commercial truck to “volume production.” Musk, in an email seen by Reuters on Wednesday, did not specify a time frame for ramping up production of the Semi. Musk on Wednesday tweeted “Yes” to a question on Twitter about whether the report of the leaked Semi truck production email was accurate. Tesla


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DETROIT (Reuters) - General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters.That multibillion-dollar strategy could enable GM, Ford Motor Co and at least two EV startups to build and deliver more electric vehicles at a time when consumer demand for batte...


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(Reuters) - German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday. Argo, founded in 2016 by Bryan Salesky and Peter Rander, is now jointly controlled by VW and Ford Motor Co, which made an initial investment in Argo shortly after it was founded. Details of the VW investment, which does not include an agreement to purchase $500 million worth of Argo stock from Ford, was announced last July....