Elon Musk was at home in Los Angeles, struggling to maintain his composure. “This past year has been the most difficult and painful year of my career,” he said. “It was excruciating.” The year has only gotten more intense for Mr. Musk, the chairman and chief executive of the electric-car maker Tesla, since he abruptly… Continue reading A choked up Elon Musk says his health has suffered and that
he believes ‘the worst is yet to come’
Author: CNBC Online news
Tesla Model 3 is ‘military-grade tech years ahead of peers’ but still expected to lose money
Tesla’s Model 3 sedan is blowing engineers away, but it might be a big headache for folks in finance.
After an inside look at Tesla’s Model 3 factory, one analyst says producing 8,000 cars a week is possible
Tesla is on track not only to churn out 5,000 Model 3s per week, but could even ramp production up to 8,000 with little impact on its spending.
There are big doubts about how Musk will pull off the Tesla buyout, but Morgan Stanley may have found a way
Morgan Stanley is telling its clients there might a way to get funding for Elon Musk’s plan to take Tesla private.
Tesla shareholders who sell if EV maker goes private will be losers for one big reason: A.I.
Nidhi Kalra, senior information scientist for the nonprofit research organization RAND Corporation, has said that any simulation used by Waymo or another Tesla competitor is a simplification of the real world: “Real-world miles still really, really matter. That’s where, literally, the rubber meets the road, and there’s no substitute for it.” Billions of new sensors… Continue reading Tesla shareholders who sell if EV maker goes private will be
losers for one big reason: A.I.
Top auto supplier Magna takes $60 million hit from tariffs, but CEO still sees ‘huge’ opportunity
With about 25,000 employees in the United States and another 23,000 in Canada, automotive supplier Magna International sits squarely in the center of an ongoing trade dispute.
Tesla falls as much as 6 percent, giving back gains prompted by Musk’s tweet on going private
The stock was down most of the day, and dipped more after a Bloomberg report that the SEC had been gathering information on Tesla prior to Tuesday. The agency had been looking into Tesla’s public statements on production numbers and sales targets, the news site reported, and intensified its scrutiny after Tuesday’s tweet. With Thursday’s… Continue reading Tesla falls as much as 6 percent, giving back gains prompted
by Musk’s tweet on going private
These companies might close, lay off US workers because of Trump’s trade war
Many companies are holding out hope that the trade negotiations end quickly but have warned that job cuts and price increases could be imminent. BMW and General Motors sent their warnings in writing to the Department of Commerce. “This is hurting the economy but so far it’s manageable,” says Mark Zandi, chief economist of Moody’s… Continue reading These companies might close, lay off US workers because of
Trump’s trade war
Tesla likely to face SEC investigation following Musk tweets amid debate of market manipulation
Elon Musk’s lawyers are probably pouring over rule 14e-8 of the Securities Exchange Act of 1934 right about now.
Musk tweet sparks debate on Tesla leadership
As a corporate governance expert, Atkins also sits on the board of at least four public companies, including Cognizant, Wynn Resorts, SL Green Realty and Schneider Electric, as well as the privately held Volvo Cars. “Tesla’s board knows they have a rogue CEO. Why aren’t they doing more?” Atkins said Wednesday on CNBC’s “Squawk on… Continue reading Musk tweet sparks debate on Tesla leadership