Members of the Tesla board said Wednesday that they have met “several times” to discuss CEO Elon Musk‘s desire to go private.
Author: CNBC Online news
Wall Street analysts question whether Musk has ‘funding secured’ and ‘investor support’ but say they must take CEO seriously
In the original Tweet that started it all, Musk stated the takeout price at $420 and that funding was already secured. Tweet Link “Disclosing news of this nature via twitter is unprecedented and, according to a former [Securities and Exchange Commission] chairman, may constitute fraud if Tesla does not already have the financing lined up,”… Continue reading Wall Street analysts question whether Musk has ‘funding
secured’ and ‘investor support’ but say they must take CEO
seriously
Elon Musk’s Tesla stock boost may lower financial pressures for the carmaker
Tesla’s big stock rally after a tweet from CEO Elon Musk that said he is considering taking the company private put an important convertible bond above its conversion price, potentially easing financial pressure on the carmaker.
Ex-SEC chair: Musk’s tweet on taking Tesla private puts him at risk of civil and criminal penalties
Elon Musk could face civil and criminal penalties if found he didn’t secure financing at the time of his tweet about taking Tesla private, former Securities and Exchange Commission Chairman Harvey Pitt told CNBC on Wednesday.
Ford has now made 10 million Mustangs: Here is a history of the iconic, best-selling sports car
Ford is announcing on Wednesday that it has made its 10 millionth Mustang, the best-selling two-door sports car that has been in continuous production since it was first introduced 54 years ago.
Tesla board has met ‘several times’ to discuss Musk’s desire to go private
Members of the Tesla board said Wednesday they have met “several times” to discuss CEO Elon Musk‘s desire to go private.
Tesla weighs taking company private, but no decisions made yet
Tesla CEO Elon Musk stunned investors Tuesday with a string of tweets saying he is considering taking the company private, in what would be the largest deal of its kind.
Tesla shares halted after string of Musk tweets on possibly taking company private
Tesla CEO Elon Musk stunned investors Tuesday with a string of tweets saying he is considering taking the company private, in what would be the largest deal of its kind.
Elon Musk’s tweet about going private costs Tesla short sellers $1.3 billion
Investors betting against Tesla lost about $1.3 billion after a tweet from CEO Elon Musk‘s verified account which mentioned taking the company private, according to estimates from financial technology firm S3 Partners.
Tesla shares surge 10% after Elon Musk shocks market with tweet about going private
But the plan Musk laid out did not mention anything about that funding, which would total about $71 billion if Musk plans to take Tesla private at $420 a share. Its current market value is $64 billion. A deal of that size would dwarf the previous largest leveraged buyout, TXU, which was valued at $32.11… Continue reading Tesla shares surge 10% after Elon Musk shocks market with
tweet about going private