Thursday, December 17, 2020

2020 is the Year electric vehicle excitement kicked into overdrive

                               

Tesla's fortunes have made quite a journey since April 2018, when CEO Elon Musk posted a photo on Twitter of himself apparently asleep, lying on a Model 3, holding a ragged cardboard sign that read "Bankwupt!"


"There are many chapters of bankruptcy and, as critics so rightly pointed out, Tesla has them *all*" Musk tweeted, in an apparent April Fools Joke.

But at the time, Tesla's finances were nothing to laugh about. Tesla came within about a month of bankruptcy when bringing the Model 3 to mass production, Musk said last month.

Tesla persevered through the dark stretch and begin reporting a string of profitable quarters in 2019, even ending the year with a slight profit. Tesla's 2020 on its own has been a roller coaster. Its stock began to surge in early 2020, before plummeting to its low for the year on March 18, as the pandemic hit and the world's economy unraveled.        Read more here at cnn.com


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