

News
Elon Musk adds $82.2B to net worth in 2020 after TSLA stock surge
Tesla CEO Elon Musk’s net worth has increased by over $82 billion in 2020 after a 480% increase in stock price so far this year.
Musk, who helped found Tesla in 2003, is the company’s largest shareholder, and as CEO, helps oversee the company’s day-to-day operations. 2020 has been especially rewarding for the South African-born CEO, who has helped the company establish itself as the electric vehicle tech leader by a considerable margin during the year.
With advancements in battery production, EV tech, and manufacturing techniques, Tesla has seen its share price explode from $86 to over $500 in just over eleven months. Tesla has also reported five consecutive profitable quarters, which has helped its performance on Wall Street.
As for Musk, his considerable wealth has already grown substantially this year. According to Forbes, Musk was worth $24.6B in April 2020, when a steady climb in price per share began and lasted until July. After a short drop in mid-August, TSLA shares once again skyrocketed until August 31st, when the automaker announced a 5:1 stock split to make shares more affordable for retail and younger investors.
As a result of the split, TSLA has overtaken AAPL as millennial’s go-to stock, and the automaker has experienced overwhelming popularity among retail investors.
Musk’s proverbial climb up the World’s Richest list has been monumental, although it is important to highlight the fact that his worth has nothing to do with cash. The CEO doesn’t accept a paycheck from his employer, and under California Law, his minimum salary is left in a Tesla-owned bank account, which is untouched.
Musk’s net worth growth has inspired some politicians, like Bernie Sanders, to ask CEO’s with exponential growth in wealth throughout the year to pay a one-time tax. The bill, which would have required Musk, Amazon founder Jeff Bezos, Facebook CEO Mark Zuckerberg, and the Walton family to pay billions, was never passed.
Bernie Sanders wants Elon Musk to pay a one-time $27.5 billion tax
Musk is set to, once again, surpass Zuckerberg on the list after the surge in stock price added $7.6 billion to his net worth over the past two days. Tesla stock has surged nearly $100 in the past two days, or around 25%, based on the report that the electric automaker’s inclusion in the S&P 500 index. TSLA will join the S&P on December 21st.
As of the end of trading hours on Wednesday, Musk is worth $106.9B, but this number will likely grow based on TSLA’s increase in value during Thursday trading hours. At the time of writing, TSLA shares were up $14.27, or 2.93%, to $500.91 per share.
News
California proposal to allow self-driving tests for heavy-duty trucks

A new proposal in the state of California would allow initial testing of self-driving heavy-duty trucks, as Tesla and others aim to bring their driverless technologies to market with Class 8 trucks and other large vehicles.
On Friday, the California Department of Motor Vehicles (DMV) said that it’s proposing self-driving vehicle tests be allowed on public roads for heavy-duty trucks and other large vehicles, as detailed in a report from Reuters. The news comes as heavy-duty vehicles about 10,001 pounds are currently unable to utilize public self-driving tests in California, as well as others such as Texas, Arizona, and Arkansas.
The proposal would restrict autonomous testing for semi-trucks and other oversized vehicles to specified, pre-selected routes that would be pre-determined to be legal for size, weight, and loading requirements. It would also ban testing these vehicles on city streets, with selected routes primarily including major highways.
The state would also prohibit testing of specific heavy-duty vehicles until further notice under the proposal, including household movers, commercial vehicles used to transport passengers, oversize loads, bulk liquids, or hazardous materials.
👀 A look inside Tesla’s Semi factory
— TESLARATI (@Teslarati) March 8, 2025
READ MORE ON SELF-DRIVING FOR HEAVY-DUTY TRUCKS:
The DMV plans to hold a public hearing on the proposal on June 10, after which point it would be allowed to move forward with the agency.
California has been preparing regulations for autonomous trucking since at least last August, when the state submitted an initial draft for such a legal framework.
The state is also evaluating whether light-duty vehicle testing requirements should be updated. Currently, the state requires a permit to test self-driving vehicles utilizing a safety driver, before applying for subsequent phases of driverless testing and deployment permits.
To apply for driverless testing permits, manufacturers are required to conduct testing for a minimum of 50,000 miles, while heavy-duty manufacturers would be required to complete at least 500,000 autonomous testing miles under the proposal. Of them, up to 40,000 of the miles are allowed to be completed outside of California.
The news also follows the Trump administration’s aims to accelerate self-driving deployment this week through the expansion of exemptions for certain reporting requirements.
Although Tesla’s Full Self-Driving (FSD) is not currently available for the company’s electric Semi, it’s expected to become available at some point in the future. Tesla has also been spotted testing its FSD on the Semi in and around Giga Nevada, ahead of the company’s plans to launch the software on the Class 8 truck.
Tesla is currently aiming to ramp up production of the Semi, and it’s constructing an expansion to its Gigafactory in Nevada to eventually scale up to volume production.
News
Tesla reservation emails hint at imminent launch in India
Tesla appears to be nearing the launch of vehicle sales in India, as hinted at in a recent correspondence with early reservation holders.

A report this week says that Tesla has sent out a new batch of emails to some of its earliest reservation holders in India, suggesting that the company’s highly anticipated launch of electric vehicles (EVs) in the country could be imminent.
As seen in emails viewed by Bloomberg in a Friday report, Tesla has begun refunding early reservation holders in India, indicating that the U.S. automaker seems to be nearing its official debut in the country. Some Model 3 reservation holders in India initially paid deposits to purchase a Tesla as early as 2016, and they come due to the company having refreshed the vehicle’s design last year.
“We would like to return your reservation fee for the time being,” Tesla writes in the email. “When we finalize our offerings in India, we will reach out in the market again. We hope to see you back with us once we are ready to launch and deliver in your country.”
The launch is thought to be highly consequential for Tesla, as India is the world’s third-largest auto market, and thousands of people in the nation are employed by vehicle and component manufacturing facilities. However, years of talks between Tesla and the government about launching sales and potentially a factory there have hit a standstill multiple times, largely due to disagreements over the country’s high import duties.
Looks like Elon Musk and Indian PM Modi had another meeting recently.
Interesting line there about "potential for collaboration in the areas of technology and innovation." India did hint before that it would like a local Tesla plant.
Giga India? Megafactory India? https://t.co/jlyU2CoKF5
— TESLARATI (@Teslarati) April 18, 2025
READ MORE ON TESLA INDIA: India to hold EV import policy workshop in bid to attract Tesla, other EV makers: report
While many are speculating as to when exactly Tesla could launch vehicle sales in India, several other indicators have also suggested that the maker is getting close to doing so.
Last weekend, a Tesla Model Y with a privacy wrap was seen being tested in India, marking the second such sighting to take place in the past few weeks. The company also officially began the certification and homologation processes for the new versions of both the Model Y and Model 3 in India last month, and it has been hiring and picked out two sites for initial stores in the country, the first in Mumbai and a second in New Delhi.
A Bloomberg report in February also claimed that Tesla was aiming to sell vehicles in India around the third quarter of the year, though models being sold in the country had not yet been revealed at the time.
Tesla India partners with Tata Group on local supply chain: Rumor
News
These Tesla Superchargers are free today for Earth Week
Canada and other countries are missing on the free Earth Week Supercharging map, while the U.S. state of California gets the promo at two sites.

Tesla has made several of its Supercharging stations free in markets around the world over the weekend, in order to commemorate Earth Day, which took place earlier this week.
On Friday, Tesla posted on its charging account on X that it would be offering free Supercharging across 30 select stations on Saturday in celebration of Earth Day and Week. The chargers are set to be free during daytime work hours, and they’re scattered in locations across Europe, North America, and the Asia-Pacific region.
Tesla also says it may have employees handing out “goodies” at some of the sites, though the company didn’t disclose what they would be.
“Closing out Earth Week with free charging at the following Superchargers on April 26th,” Tesla writes. “You might even catch some Tesla employees with goodies!”
In the U.S., the Supercharger stations offering free charging include two located in California, along with one each in Florida, Arizona, Illinois, and New Jersey. The company is also offering free Supercharging in Nuevo León, Mexico, in the city of Monterrey.
You can see the full list of free Supercharger locations below, along with the times the offer is still available on Saturday.
READ MORE ON TESLA SUPERCHARGERS: Tesla’s Hollywood Diner is finally getting close to opening
Tesla Superchargers offering free charging on Saturday, April 26
Europe (9:00 a.m. to 6:00 p.m.)
- Cork, Ireland
- London, UK – Gatwick
- Leeds, United Kingdom
- Aalborg, Denmark
- Rødovre, Denmark
- Espoo, Finland
- Tampere, Finland
- Löddeköpinge, Sweden
- Mantorp, Sweden
- Hamburg, Germany
- Hilden, Germany
- Köln – Carlswerk, Germany
- Dietikon, Switzerland
- Warsaw, Poland – Radzymińska
- Les Pennes-Mirabeau, France
- Montélimar, France
- Jamné, Czech Republic
North America (9:00 a.m. to 6:00 p.m.)
- Santa Monica, CA
- Kettleman City, CA
- Phoenix, AZ – East Mayo Boulevard
- Des Plaines, IL
- Fort Pierce, FL – Peters Road
- Mount Laurel Township, NJ – NJ-73
- Monterrey, NL
Asia-Pacific
- Singapore – Tesla Centre Toa Payoh (10:00 a.m. to 7:00 p.m.)
- Georgetown, Malaysia – Gurney Plaza (10:00 a.m. to 10:00 p.m.)
- Samut Prakan, Thailand – Mega Bangna – IKEA Carpark (10:00 a.m. to 10:00 p.m.)
- Mandaluyong, Philippines – Shangri-La Plaza (10:00 a.m. to 10:00 p.m.)
- Seoul Gangnam, South Korea – Construction Building Floor G (9:00 a.m. to 7:00 p.m.)
- Taipei, Neihu – Service Centre (9:00 a.m. to 7:00 p.m.)
Tesla’s Superchargers in North America opening to non-Tesla EVs
Along with allowing Tesla’s vehicles to charge at Supercharger stations, the company has slowly been rolling out access to other, non-Tesla electric vehicle (EV) brands in North America over the past several months. For example, Superchargers opened to Kia’s EVs in North America on Thursday, increasing the company’s chargers to the over 40,000 DC fast-charging stations and doubling the number of stations owners of the car brand can use.
Other brands with access to Tesla’s Superchargers include Kia parent company Hyundai, Ford, GM, Genesis, Lucid, Mercedes, Nissan, Polestar, Rivian, and Volvo, and Volkswagen and subsidiary Audi are the next brands in line to gain access.
Tesla also runs three-month Supercharger voting periods for owners to cast votes on where they’d like to see new Superchargers built, and the company recently opened its voting round for the second quarter along with revealing the winning locations from Q1.
Tesla Superchargers were over 10 times as reliable as these rivals
-
News5 days ago
Tesla’s Hollywood Diner is finally getting close to opening
-
Elon Musk1 week ago
Tesla doubles down on Robotaxi launch date, putting a big bet on its timeline
-
News2 weeks ago
Tesla’s top investor questions ahead of the Q1 2025 earnings call
-
News2 weeks ago
Underrated Tesla safety feature recognized by China Automotive Research Institute
-
News2 weeks ago
These were the best-selling EV brands in the U.S. in Q1
-
News2 weeks ago
Tesla’s vehicles led U.S. EV sales again last quarter: report
-
News2 weeks ago
Tesla’s spring update arrives with adaptive headlights and more
-
News2 weeks ago
Tesla reveals latest Giga Texas production milestone