Fiat-Chrysler Automobiles has rebuffed buyers interested in its automotive parts unit Magneti Marelli and is holding fast to its plan to spin off the business, reported Bloomberg Thursday, citing sources.
Author: CNBC Online news
Tesla shorts lose more than $1 billion on post-earnings surge
Investors betting against Tesla lost more than $1 billion Thursday as the company’s shares rallied the most in over two years, according to estimates from financial technology firm S3 Partners.
Elon Musk’s apology ‘sounded like someone was ripping his spleen out,’ NYU’s Scott Galloway says
Tesla CEO Elon Musk may have apologized to his stakeholders on this week’s earnings call for his erratic behavior three months ago, but New York University professor Scott Galloway wasn’t impressed.
Highlights of Elon Musk on Tesla’s earnings call: ‘I would like to apologize’
I would like to apologize for being impolite on the prior call. Obviously I think there’s really no excuse for bad manners and I was violating my own rule in that regard. There are reasons for it, I got no sleep, 120 hour weeks, but nonetheless, there is still no excuse, so my apologies for… Continue reading Highlights of Elon Musk on Tesla’s earnings call: ‘I would
like to apologize’
Elon Musk makes the ‘most valuable apology of all time’ on Tesla’s earnings call
Wall Street is happy over Tesla’s quarterly results and guidance, but Elon Musk’s apologies to multiple analysts may even be more important to the company’s shares and investor sentiment.
Wall Street believes this could be the turning point for Tesla. Here are the highlights from every major analyst
Rashid Abbasi | Reuters Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity’s Inside Energy Summit Tesla shares leaped higher after chief executive Elon Musk said the electric car maker beat Wall Street’s revenue expectations, apologized for prior bad manners toward analysts and reiterated a promise for future profitability.
Tesla soars after promises of a profitable second half
Joshua Lott | Getty Images Engineer and tech entrepreneur Elon Musk of The Boring Company talks about constructing a high speed transit tunnel at Block 37 during a news conference on June 14, 2018 in Chicago, Illinois. Shares of Tesla soared roughly 9 percent at the start of trading Thursday after CEO Elon Musk and… Continue reading Tesla soars after promises of a profitable second
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Trump administration rolls back plans to raise fuel economy standards for autos
The Trump administration on Thursday revealed its long-anticipated plan to roll back Obama-era standards meant to cut planet-warming emissions from tailpipes and boost fuel efficiency in cars and trucks sold in the United States in the coming years.
Tesla shares surge as upbeat Musk sees profitable second half
Tesla is now aiming for a 6,000 vehicle per week rate, which it hopes to achieve by the end of August. By year-end it hopes to ramp up to a rate of 10,000 per week. Musk said the company is still aiming to produce 1 million cars per year by 2020, but that a number… Continue reading Tesla shares surge as upbeat Musk sees profitable second
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Tesla CEO Elon Musk apologizes to analysts
On Wednesday, Musk said of his impoliteness towards analysts, “I violated my own rule in that regard…There’s no excuse.” The CEO’s contrite tone on Wednesday’s call may assuage the concerns of investors who worried about Musk’s leadership style under pressure. CFRA’s Efraim Levy wrote in a note to investors on Wednesday, even ahead of the… Continue reading Tesla CEO Elon Musk apologizes to analysts