Tesla Inc. added about $84 billion to its stock-market value, more than Ford Motor Co.’s entire market capitalization. The company is the biggest gainer on the NYSE FANG+ Index this year. On Monday, the shares closed up 8% at $1,091.84, the highest level since Jan. 12. The value addition took place after the electric-vehicle maker said it is planning a second stock split in about two years.
Ford Motor Company, the US-based automotive behemoth has come up with a novel idea to utilise coffee waste to make auto parts. The automaker will collaborate with the international fast-food chain McDonalds and process coffee beans as it can be transformed into a highly durable material that can be used in automobile parts.