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Tesla shares at all-time high: Musk faces decisive vote!
Discover the latest developments around Emden, including Tesla and Eli Lilly stock movements on November 3, 2025.
Tesla shares at all-time high: Musk faces decisive vote!
Something is happening in the automotive sector! Reported today, November 3, 2025 tradingview.com, Tesla (TSLA) shares rose 2.5% to $468.08. That's the highest level in almost a year and shows that investor confidence in the company's future has returned strongly.
The reason for this increase? The hope of approval of CEO Elon Musk's salary package. Shareholders will vote on it on Thursday, and a rejection could jeopardize Musk's commitment to Tesla. According to experts, the package could give Musk a sizable profit of up to $1 trillion in shares, which is an incentive for many investors to jump in now.
The Tesla company
For those who may not know, Tesla, Inc. was founded in 2003 by Martin Eberhard and Marc Tarpenning. The company has now developed into one of the leading providers in the field of battery electric vehicles (BEVs). The headquarters is in Austin, Texas, while innovative gigafactories operate worldwide - including the well-known production in Fremont, California, as well as new locations in Shanghai and Berlin.
With models such as the Model S, Model In the same year, the company achieved sales of 97.7 billion dollars and produced over 1.7 million vehicles, information that also Wikipedia delivers.
News in the automotive industry
The rest of this week's news is also exciting! In addition to Tesla, Eli Lilly also delighted investors, with shares rising around 3.5% after announcing it would expand production capacity for the weight loss pill Orforglipron. A new plant in the Netherlands is to be built for three billion dollars, with construction starting in 2024.
On the other hand, the crypto market is coming under pressure. Bitcoin lost 3.5% today and was at 106,298 points. This is also due to ongoing concerns about US monetary policy, which are increasingly weighing on the markets.
Oil prices are also rising slightly with Brent at $65.27 and WTI at $61.48 a barrel, while the OPEC+ cartel has decided to suspend production increases in the first quarter of 2026.
In summary, the markets are currently on the move. Tesla is showing strong performance as other companies try to keep up. Musk's salary package could play a crucial role in the company's future, and the spinoff from the classic automotive sector towards sustainable technologies remains exciting.