NEW YORK, Nov 15 (Reuters) – JPMorgan Chase & Co (JPM.N) on Monday sued Tesla Inc (TSLA.O) for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract related to stock warrants after its share price soared. According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to… Continue reading Autos & TransportationJPMorgan sues Tesla for $162 mln over warrants, Musk tweets8:02 AM UTC
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JPMorgan sues Tesla for $162 million related to warrants, Musk tweet
NEW YORK, Nov 15 (Reuters) – JPMorgan Chase & Co (JPM.N) on Monday sued Tesla Inc (TSLA.O) for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract related to stock warrants after its share price soared. According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to… Continue reading JPMorgan sues Tesla for $162 million related to warrants, Musk tweet
Autos & Transportation · 3:00 PM UTCMcLaren not sold to Audi but open to working with relevant partners -spokespersonMcLaren Automotive on Monday deni…
A McLaren 720S is assembled on the factory floor of the McLaren Automotive Production Centre Woking, Britain September 12, 2017. REUTERS/Chris J. Ratcliffe BERLIN, Nov 15 (Reuters) – McLaren Automotive on Monday denied a report that Volkswagen AG’s Audi (VOWG_p.DE) had bought the company, but left the door open to technology collaboration “with relevant partners… Continue reading Autos & Transportation · 3:00 PM UTCMcLaren not sold to Audi but open to working with relevant partners -spokespersonMcLaren Automotive on Monday deni…
TechnologyTesla shares slip after heavy week of losses10:02 AM UTC
The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo Nov 15 (Reuters) – Tesla Inc’s (TSLA.O) shares slipped in premarket trading on Monday, adding to a heavy week of losses after CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the… Continue reading TechnologyTesla shares slip after heavy week of losses10:02 AM UTC
Technology · 12:50 PM UTCToshiba plans to split into three firms, rejects calls to go privateJapan’s Toshiba Corp outlined plans on Friday to split in…
TOKYO, Nov 12 (Reuters) – Japan’s Toshiba Corp (6502.T) outlined plans on Friday to split into three independent companies, seeking to appease activist shareholders calling for a radical overhaul after years of scandal. The move echoes a shift by fellow industrial conglomerate General Electric (GE.N) and will see Toshiba spin off core businesses – its… Continue reading Technology · 12:50 PM UTCToshiba plans to split into three firms, rejects calls to go privateJapan’s Toshiba Corp outlined plans on Friday to split in…
Autos & TransportationToyota says it will start making up for lost production in December2:29 AM UTC
The Toyota logo is seen on the bonnet of a newly launched Camry Hybrid electric vehicle at a hotel in New Delhi, India, January 18, 2019. REUTERS/Anushree Fadnavis TOKYO, Nov 12 (Reuters) – Toyota Motor Corp (7203.T), the world’s top-selling automaker, said on Friday it would begin making up for production lost from supply shortages… Continue reading Autos & TransportationToyota says it will start making up for lost production in December2:29 AM UTC
Autos & TransportationTesla dips after Musk sheds $5 billion in sharesNovember 11, 2021
Nov 11 (Reuters) – Tesla’s stock (TSLA.O) declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion worth of his shares this week following his much-hyped Twitter poll. The electric-car maker’s stock ended the session down 0.4% at $1,063.51 after tumbling earlier in the week. Musk’s share sale was his… Continue reading Autos & TransportationTesla dips after Musk sheds $5 billion in sharesNovember 11, 2021
Tesla dips after Musk sheds $5 billion in shares
By Tom Westbrook, Medha Singh 4 Min Read (Reuters) – Tesla’s stock declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion worth of his shares this week following his much-hyped Twitter poll. FILE PHOTO: A Tesla logo is seen at the Tesla Shanghai Gigafactory in Shanghai, China January 7,… Continue reading Tesla dips after Musk sheds $5 billion in shares
Analysis-Musk’s Tesla sales cause a stir, but billionaires sell stock all the time
NEW YORK, Nov 11 (Reuters) – If trading in the shares of Amazon, Microsoft, Facebook and other billionaire-owned companies is any indication, Tesla co-founder Elon Musk unloading part of his stake in the company may not be bad for the electric carmaker’s shares over the long term. Musk, who sold roughly $5 billion worth Tesla… Continue reading Analysis-Musk’s Tesla sales cause a stir, but billionaires sell stock all the time
Tesla money train enriches more than just CEO
SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, June 13, 2019. REUTERS/Mike Blake/File Photo NEW YORK, Nov 11 (Reuters Breakingviews) – It’s characteristic of Elon Musk that he polled Twitter about whether he should sell 10% of his stake in $1 trillion electric-car maker Tesla (TSLA.O) read… Continue reading Tesla money train enriches more than just CEO