Skip to content
Subscriber Only
Technology
Hyperdrive

Tesla Soars Past $1,000 After Musk Seizes on Nikola’s Hype

  • CEO tells staff to ‘go all out’ getting Semi into production
  • Tesla said six weeks ago deliveries would start in 2021
Video player cover image
Watch: Dan Ives, analyst at Wedbush, discusses Tesla’s stock price that pushed past the $1,000 per share mark on Wednesday. (Source: Bloomberg)
Updated on
From

Elon Musk wasn’t about to let a revenue-less manufacturer of zero-emission semi trucks steal the spotlight from Tesla Inc.

The chief executive officer sent an email to employees before the market opened Wednesday declaring that it is “time to go all out” and put Tesla’s Semi into volume production. Musk didn’t give a time frame for when he expects mass output to actually happen. Just six weeks ago, Tesla said it was postponing initial deliveries to 2021, roughly two years later than initially planned.