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On December 7, 2020, Tesla settled the suit for $1.5 million. [159] In April 2021, a Norwegian judge found Tesla guilty of throttling charging speed in a similar suit, after they failed to respond to the lawsuit. The 30 customers who were part of the lawsuit were awarded 136,000 Norwegian kroner each ($16,000). [160] [161]
Tesla issued US$2 billion of new shares on February 18, 2020. [181] From July 2019 to June 2020, Tesla recorded four profitable quarters in a row for the first time, which made it eligible for inclusion in the S&P 500. [182] On August 12, 2020, Tesla announced a 5-for-1 stock split, which took effect on August 31, 2020. [183]
Tesla lost over $700 billion in value since November 2021 and Elon Musk wants $45 billion for his performance as CEO ... The company’s share price has plummeted 63% from its all-time-high of ...
Since its initial public offering in 2010, [130] Tesla stock has risen significantly; it became the most valuable carmaker in summer 2020, [131] [132] and it entered the S&P 500 later that year. [133] [134] In October 2021, it reached a market capitalization of $1 trillion, the sixth company in US history to do so. [135]
Tesla, Inc. (/ ˈ t ɛ s l ə / ⓘ TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
2019: Musk promised that a fleet of 1 million robotaxis would be on the roads by 2020. 2020: Musk claimed FSD would be “feature complete” by the end of the year.
Later, in 2020, numerous reporters and financial analysts speculated that Tesla could be the next Wirecard scandal. [ 30 ] [ 31 ] [ 32 ] The SEC received a whistleblower complaint in 2021 from former Tesla employee Lukasz Krupski [ 33 ] detailing numerous allegations that Tesla "may have violated securities law and flouted accounting standards."
In-between 2015 and 2021, Tesla stock increased by over 2,200%. In 2020, Chanos's fund suffered massive losses due to his short position against Tesla: "Kynikos ended 2020 with about $405 million in [assets under management], down from around $932 million the prior year, according to annual ADV filings with the Securities and Exchange Commission."