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Elon Musk was awarded Industry Newsmaker of the Year by an industry publication Automotive News, who recognized Tesla’s CEO as one of the few people who found a way to gain momentum in a year that was tough for the auto industry.
Tesla and SpaceX both used 2020 as a year of “no excuses,” scoring incredible surges in valuation and momentum as other companies failed to grow in their respective industries. Musk’s 2020 went way beyond cars and spaceships, and Tesla’s CEO released an EDM track, a hugely popular bottle of Tequila, fathered a baby, launched a worldwide satellite internet service, and pushed his Neuralink project. Relevant to new developments were detailed at a corporate event earlier this year. It has been far from an offensive year for Musk, who used the pandemic as a motivation to take the world into the future and develop new technologies that will increase the efficiency of our lives in every aspect.
Perhaps Musk’s biggest win in 2020 was Tesla’s steady and steady growth on Wall Street, which made the company’s investors extremely wealthy. After the company’s first trading day in 2020, TSLA’s per share price was just over $ 86 apiece. Now, the stock has risen to over $ 600 per share at its highest point, and its momentum has everything to do with the influence that the once bankrupt company struggled to keep its doors open 12 short years ago. has over the rest of the automotive sector.
The surprising achievements in the life of Elon Musk will be awarded with an award in Berlin
Tesla has managed to show that electric cars will ultimately be the only way to travel, and mainstream automakers are starting to realize that their production lines need to shift to sustainable forms of transportation. Musk is certainly aware of his company’s influence and noted in interviews that Tesla’s success in the automotive industry speaks for itself.
“I have to do something right, with regards to my management style. Tesla is worth twice the rest of the US auto industry combined, “he said Automotive News.
Tesla’s valuation was fueled by its constant improvements in automotive technology, including batteries, and its ever-growing appearance in overseas markets. To keep up with demand outside the United States, Tesla is building the second phase of its already operational Giga Shanghai plant and is approaching the first push to production at the Giga plant in Berlin in Germany. While these two facilities will supply vehicles to some of the most populous auto markets globally, Tesla is also building a new facility in Texas to help with growing demand in its home country, the United States.
In addition to this, Tesla unveiled its first versions of the “no intervention” Full Self Driving suite in a beta version for a small group of owners. The release solidified Tesla’s identity as a leader in semi-autonomous driving functions. The company plans to release more secure and detailed versions of the software as it improves, thanks to the work of the Autopilot and Artificial Intelligence teams.
Musk’s constant and tireless work to accelerate the world’s transition to sustainable energy has made Tesla the most valuable automotive company on Earth. With more developments on the way, which include a $ 25,000 vehicle over the next few years, a cheaper battery thanks to in-house production, and ever more accurate FSD versions, Tesla holds the keys to becoming the most valuable company on Earth as any part of the world company aims to change life as we know it, for the better.
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