The Dow Jones U.S. autos index fell 1.4 percent on the tweet.
The move was a huge boon for the Italian automaker.
A key analyst for Morgan Stanley adjusted his rating for the automaker.
This is based more on Tesla's future potential.
Tesla sold about $350 million in stock and $850 million in convertible debt to help pay for capital expenditures spurred by new model.
Does the left hand know what the right hand is doing?
If you owned SolarCity stock yesterday, you own Tesla stock today.
Ferrari is set to launch its Initial Public Offering on the stock exchange. But will the shares be able to keep up with the investment value of a classic Ferrari?
Australian authorities are investigating a company for allegedly stealing investor's money by promising to buy Tesla stock and not following through. The equivalent of over $1.78 million might have been lost by people across the country.
Because of shipping delays and a strong dollar, TSLA stock dropped $17.80 in premarket trading today.
Israel-based vehicle safety technology company Mobileye (NYSE: MBLY) has successfully launched its Initial Public Offering on the New York Stock Exchange, raising approximately $890 million to value the company at a reported $5.3 billion.
Well how's that for an about-face? It was not even two weeks ago that we were reporting on Warren Buffett's praise for General Motors' CEO Mary Barra and her handling of the ignition switch recall. That hasn't stopped Buffett's company, Berkshire Hathaway from unloading shares during the first quarter of 2014. It's trimmed its shares by 25 percent, to 30 million shares, during the first quarter of 2014.
A Tesla caught fire while parked in its owner's garage in Toronto earlier this month. This marks the fifth car fire in five months for the California-based automaker, according to CNBC.
Mitsubishi, which dates all the way back to 1870, is one of the oldest business collectives in Japan. Today, the various businesses that share the Mitsubishi name are largely independent of each other. The automotive unit, however, has fallen on hard times over the past few years.
When we want to know how a car company is doing, one thing we typically look at is how many cars it's selling. That means Toyota is the largest, General Motors the second, followed by Volkswagen, then down the line. But there are other metrics by which to evaluate how an automaker is doing. That, in the case of publicly-traded companies like GM, is stock price. And the General seems to be doing pretty well.
Special Inspector General Christy Romero has delivered another report to Congress on the state of the Troubled Asset Relief Program (TARP) up to June 6 of this year, assessing numbers to the US Treasury's remaining stake in General Motors. After stock sales in February and another a few months later, the Fed is still the owner of 14 percent of GM, totaling 189 million shares, and is $18.1 billion in the hole after the $49.5 billion loan to the automaker. Although the share price has risen more t