Under direct questioning by a federal judge on Tuesday, Elon Musk could not say exactly how much money investors were considering putting into his 2018 proposal to take Tesla off the stock market. Mr. Musk wrote on Twitter on Aug. 7, 2018, that he had “funding secured” for the deal. But during his last day… Continue reading Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’
Category: US Motoring Press
Elon Musk Says He Could Have Raised Funds to Take Tesla Private
Elon Musk said on Monday that he had not lied or misspoken about his plan to take Tesla off the stock market in 2018, testifying in federal court that Saudi Arabia’s sovereign wealth fund had “unequivocally wanted to take Tesla private.” Investors are suing Mr. Musk, Tesla and the company’s board because they contend that… Continue reading Elon Musk Says He Could Have Raised Funds to Take Tesla Private
Elon Musk Testifies That His Tweets Did Not Drive Tesla’s Stock Price
In his testimony, Mr. Musk said he thought Twitter was “the best way to communicate with people,” including “investors, big and small.” He also said he used Twitter to share memes, a comment that drew laughter from some people watching the trial. Mr. Musk also acknowledged that in July 2018 his associates and friends, including… Continue reading Elon Musk Testifies That His Tweets Did Not Drive Tesla’s Stock Price
Carl Hahn Dies at 96; Made the VW Beetle Ubiquitous
“Without him, there would likely not have been the ads, which did indeed change the whole story for VW outside of Germany and did indeed result in a lot of needed healing, as well as revenue,” Andrea Hiott, the author of “Thinking Small: The Long, Strange Trip of the Volkswagen Beetle” (2012), said in an… Continue reading Carl Hahn Dies at 96; Made the VW Beetle Ubiquitous
Elon Musk’s Appetite for Destruction
I wanted to ask Musk to elaborate on his philosophy of risk, but he didn’t reply to my interview requests. So instead I spoke with Peter Singer, a prominent utilitarian philosopher, to sort through some of the ethical issues involved. Was Musk right when he claimed that anything that delays the development and adoption of… Continue reading Elon Musk’s Appetite for Destruction
Elon Musk Goes to Trial Over His 2018 Plan to Take Tesla Private
More than four years after he said he had secured the funding to take Tesla off the stock market, Elon Musk will try to defend that statement in a trial that began on Tuesday in a federal court in San Francisco. The case is brought by investors who claim Mr. Musk, the electric automaker’s chief… Continue reading Elon Musk Goes to Trial Over His 2018 Plan to Take Tesla Private
Tesla Cuts Prices Sharply as It Moves to Bolster Demand
New competitors are on the way, too. This year, General Motors is supposed to start making electric versions of its Chevrolet Silverado pickup and Chevrolet Blazer and Equinox sport utility vehicles. Tesla has also had trouble in China, its largest market, where a local manufacturer, BYD, is now the No. 1 electric vehicle brand. Tesla… Continue reading Tesla Cuts Prices Sharply as It Moves to Bolster Demand
Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
When Lamin Jatta began driving a yellow cab in 2012, competition was stiff to procure a taxi for his shifts from a busy garage in Queens. Along with other drivers, he would have to slip up to $25 to a dispatcher to make sure he got a car. This cost, though unofficial, was on top… Continue reading Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Ford warned some F-150 Lightning owners about separate EV battery issue before this month’s fire
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – A defective battery that caused a Ford F-150 Lightning in the company’s possession to catch fire earlier this month isn’t the only problem the Detroit automaker has recently… Continue reading Ford warned some F-150 Lightning owners about separate EV battery issue before this month’s fire
CNBC Daily Open: Markets fall on hot economy — and chance of 0.5% interest rate hikes
James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, delivers a speech in London, U.K., on Tuesday, Oct. 15, 2019. Luke MacGregor | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on… Continue reading CNBC Daily Open: Markets fall on hot economy — and chance of 0.5% interest rate hikes