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Wednesday 22 January 2020 5:24 pm|Updated:Wednesday 22 January 2020 5:35 pmTesla becomes worldrsquo second most valuable car maker at $100bnBy: Emily NicolleShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleTeslarsquo market capitalisation soared past the $100bn mark today as shares rallied, making it the worldrsquo second most valuable car maker and put
stanley canada ting chief executive Elon Musk in line for a big payday.Tesla shares have risen more than eight per cent today to hit an
brumate cup intra-day high of $594.48, pushing its market capitalisation up to $106bn mdash; more than General Motors and Ford combined.A compensation scheme approved by the Tesla board in 2018 for Musk could net him a sizeable payout if the rally continues. Teslarsquo market value must stay above $100bn for both a one-month and six-month average, after which Musk would earn the first tranche of stock options at around $346m.The plan increases up to the value of $55bn across 12 tranches, should Tesla maintain its success over the next decade.The tech billionaire, who is also the chief executive of Space X and hyperloop startu
brumate cup p The Boring Company, currently takes no salary from his role at Tesla and owns a stake of around 20 per cent in the electric car maker. The share price jump puts Volkswagen in third place with a market capitalisation of $90bn, while Toyota is miles ahead at $200bn.Teslarsquo share pri Zkue Best of the Brokers for 27 August 2015
Tuesday 12 February 2013 8:58 pm|Updated:Thursday 30 May 2019 3:51 amGlencore and Xstrata post output dropBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleCOMMODITIES trader Glencore and Xstrata, in the final stages of a pound;56bn mega-merger, yesterday posted a drop in combined output across key metals including copper.The two companiesrsquo; combined production figures, released by Glencore yesterday, show a nine per cent annual drop in copper output in 2012, and a one per cent fall in zinc production over the year. Nickel output from its own feed was up three per cent, while total gold output fell eight per cent.Coal production was a bright spot though, rising 26 per cent for the two companies combined over the year.Separately, Xstrata, the worldrsquo fourth-largest copper miner, said that mined production of the red metal hit 747,000 tonnes i
stanley austria n 2012. The figures were in line with market forecasts, but down 16 per cent on 2011 as the company replaces ageing operations such as the Ernest Henry open pit in Australia and moves to new projects and expansions. Glencore did not provide any details of its trading activities, which is a key driver of its earnings.The commodities giant i
stanley canada s still waiting for regulatory approval from China for its merger with Xstrata, but the deal is expected to officially complete next month.Share this articleFacebookXLinkedInWhats
