Thursday’s Headlines: Tesla Is Now Worth More Than $100 Billion

Thursday’s Headlines: Tesla Is Now Worth More Than $100 Billion

1. Tesla keeps hitting new milestones this year as the company’s rally brought it past the $100 billion valuation benchmark on Wednesday. It’s a closely watched level because, if its market cap stays above $100 billion on both a 30-day and six-month trailing average, CEO Elon Musk could be in for a $375 million bonus, while further growth in the next decade could lead to bonuses worth up to $55 billion. The sky-high growth is causing short sellers to capitulate and buy the stocks back, fueling the run even further. Get the full story here

2. Apple could be in trouble after Google researchers have found multiple security flaws in the company’s Safari web browser that allowed the tracking of users’ browsing behavior, according to a Financial Times report. The vulnerabilities were found in a tool specifically designed to protect privacy and could have allowed third parties to obtain “sensitive” information about the browsing habits of users. According to the report, the flaw was disclosed to Apple last August, but neither company has confirmed if the flaw has been dealt with yet. Read the full report here.

3. Amazon stated on Wednesday that it had filed a motion in court to pause the U.S. Department of Defense and Microsoft from carrying out a $10 billion cloud-computing deal until a court rules on its protest of the contract award. The so-called ‘JEDI’ contract is intended to give the military better access to data and technology from remote locations. Amazon did make moves elsewhere, however, as it filed patents for its ‘Amazon Pharmacy’ trademark in Canada, the U.K., and Australia, suggesting its intention to start selling prescription drugs globally in the near future. Read here for the full story.

JamieJamie

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