Tesla stock reaches $2,000 amid soaring interest in EV companies

Tesla announced a five-for-one stock split last week.

A Tesla facility in Lathrop, CA.

Enlarge / A Tesla facility in Lathrop, CA. (credit: Andrei Stanescu / Getty)

Tesla's stock closed at a record high of $2,000 on Thursday, pushing the company's market capitalization to $370 billion. Tesla has been on a weeklong rally since announcing a five-for-one stock split. The split will be distributed to anyone who holds the stock tomorrow—Friday, August 21.

A little more than two months have passed since Tesla's stock first reached $1,000 per share. Last month, Tesla announced a solid second-quarter profit of $104 million. It was the fourth straight quarter of profits.

That could qualify Tesla for inclusion in the S&P 500 stock index. If Tesla wins a slot in the S&P 500, funds that track the index would need to buy Tesla shares. That could push the stock price up even further.

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Blast off: Disney drops first trailer for The Right Stuff dramatic series

“Nobody has ever seen anything like you men—until now. You’re heroes.”

In October, Disney+ will debut its new series, The Right Stuff, based on the 1979 book by Tom Wolfe.

A team of elite military test pilots finds itself tapped to be astronauts for Project Mercury, the first human spaceflight program in the United States, in The Right Stuff, a new eight-episode dramatic series debuting in October on Disney+. Like Philip Kaufman's Oscar-winning 1983 film of the same name, the series is based on the bestselling 1979 book by Tom Wolfe.

Wolfe became interested in the US space program while on assignment by Rolling Stone to cover the launch of Apollo 17, NASA's last Moon mission. He spent the next seven years writing The Right Stuff, intent on capturing the drive and ethos of those early astronauts. (In a foreword to the 1983 edition, he pondered "What makes a man willing to sit up on top of an enormous Roman candle... and wait for someone to light the fuse.")  Wolfe spent a great deal of time consulting with General Chuck Yeager, who was shut out of the astronaut program and ended up as a contrasting character to the college-degreed Project Mercury team featured in the book. The Right Stuff won widespread critical praise, as well as the National Book Award for Nonfiction.

When United Artists decided to finance a film adaptation, the studio hired William Goldman (The Princess Bride) to adapt the screenplay, but his vision was very different from that of director Philip Kaufman, and Goldman quit the project. Kaufman wrote his own draft script in eight weeks, making Yeager more of a central figure; Goldman's script ignored Yeager entirely. Goldman later wrote that "Phil [Kaufman]'s heart was with Yeager. And not only that, he felt the astronauts, rather than being heroic, were really minor leaguers, mechanical men of no particular quality, not great pilots at all, simply the product of hype."

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Geheimdienstspiele: Die unglaubliche Geschichte der 33 russischen Söldner in Belarus

Hinter der Aktion sollen ukrainische Geheimdienste stecken, das Umfeld des ukrainischen Präsidenten ist verwickelt, angeblich ist auch eine weitere Verschleppungsaktion des SBU in Russland gescheitert – ein wildes Gestrüpp der Beziehungen zwischen Russ…

Hinter der Aktion sollen ukrainische Geheimdienste stecken, das Umfeld des ukrainischen Präsidenten ist verwickelt, angeblich ist auch eine weitere Verschleppungsaktion des SBU in Russland gescheitert - ein wildes Gestrüpp der Beziehungen zwischen Russland, Belarus und der Ukraine als Vertreter des Westens

Lilbits: Use a Sony webcam as a DSLR, buy a monster Linux laptop, and more

Linux PC maker System76 has released its most powerful laptop to date: the new System76 Bonobo WS is a mobile workstation with support for desktop-class chips including a 125-watt Intel Core i9-10900K processor and NVIDIA RTX 2080 SUPER graphics. At 8…

Linux PC maker System76 has released its most powerful laptop to date: the new System76 Bonobo WS is a mobile workstation with support for desktop-class chips including a 125-watt Intel Core i9-10900K processor and NVIDIA RTX 2080 SUPER graphics. At 8.4 pounds, it’s not the sort of laptop we’d normally cover on Liliputing, but hey, […]

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Western Digital’s new portable SSDs are nearly twice as fast

Western Digital is updating its line of My Passport portable solid state drives with a new set of small, durable, and speedy SSDs capable of read speeds up to 1,050 MB/s and write speeds up to 1,000 MB/s. The new WD My Passport SSDs are available for …

WD My Passport portable SSD

Western Digital is updating its line of My Passport portable solid state drives with a new set of small, durable, and speedy SSDs capable of read speeds up to 1,050 MB/s and write speeds up to 1,000 MB/s. The new WD My Passport SSDs are available for pre-order for $120 and up. WD plans to […]

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Last-minute California ruling means Uber and Lyft won’t shut down today

Lyft had announced plans to cease California operations at midnight.

Last-minute California ruling means Uber and Lyft won’t shut down today

Enlarge (credit: Bing Guan/Bloomberg via Getty Images)

A California judge has granted Uber and Lyft an emergency reprieve from an order requiring them to treat their drivers as employees. The companies were facing a Thursday deadline to comply with the order. Earlier today, Lyft announced that it would be forced to shut down in the state at midnight tonight.

Lyft said it was being forced to shut down its California operations by a 2019 California law, AB 5, that forces ride-hailing companies to treat their drivers as employees rather than independent contractors. Uber had warned that it was likely to do the same if the courts didn't delay enforcement of the law.

"This is not something we wanted to do, as we know millions of Californians depend on Lyft for daily, essential trips," Lyft wrote. However, the company said, the new law would "necessitate an overhaul of the entire business model — it’s not a switch that can be flipped overnight."

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