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.
Author: CNBC Online news
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
Wall Street questions whether Musk has ‘funding secured’ and ‘investor support’
In the 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,” wrote… Continue reading Wall Street questions whether Musk has ‘funding secured’ and
‘investor support’
Tesla board says it has met ‘several times’ to discuss Musk’s desire to go private
Members of the Tesla board said Wednesday that they have met “several times” to discuss CEO Elon Musk‘s desire to go private.
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.