BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading UPDATE 1-Ford to launch new basic SUV as part of China revival effort
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Inside Tesla’s troubled New York solar factory
SAN FRANCISCO/LOS ANGELES (Reuters) – Tesla Inc’s (TSLA.O) production of solar roof tiles has been delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, eight former and current employees of both companies told Reuters. A sign is seen outside the… Continue reading Inside Tesla’s troubled New York solar factory
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.
Musk plan to privatize Tesla pushes $2.3 bln of debt above conversion price
NEW YORK, Aug 7 (Reuters) – Elon Musk’s suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief. The 11 percent jump in Tesla’s stock price following Musk’s public musings on possibly buying the company from existing shareholders drove $2.3 billion… Continue reading Musk plan to privatize Tesla pushes $2.3 bln of debt above conversion price
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
Elon Musk’s tweets a strategy to distract from Tesla problems: Yale management expert
In an email sent later to Tesla employees, Musk wrote, “a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best.” He also said, “If the process ends the way I expect it will, a private Tesla would ultimately be an… Continue reading Elon Musk’s tweets a strategy to distract from Tesla
problems: Yale management expert
Elon Musk explains why taking Tesla private is ‘the best path forward’
Earlier today, Tesla CEO Elon Musk tweeted about how he’s considering taking Tesla private. Now, Tesla has published an email Musk sent to employees today that describes his rationale. However, no decision has been made yet, Musk wrote in the email. Musk says it’s “the best path forward” because taking Tesla private would help minimize… Continue reading Elon Musk explains why taking Tesla private is ‘the best path forward’
BMW uses Zeplug to touch condos
BMW France has reached an agreement with the start-up Zeplug to offer a complete offer of charging stations for condominiums. Behind the scenes, we knew that contacts had been made. From now on, their collaboration has everything official. BMW France and Zeplug will give their speeches to offer condominiums solutions for charging electric vehicles. A… Continue reading BMW uses Zeplug to touch
condos