Author: CNBC Online news

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.

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

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’