LISTEN TO ARTICLE SHARE THIS ARTICLE The Chinese owner of Lotus Cars is considering an investment of at least 1.5 billion pounds ($1.9 billion) to revive the iconic British brand featured in James Bond movies, according to people familiar with the matter. Zhejiang Geely Holding Group Co., which also controls Volvo Car Group, plans to… Continue reading Geely Mulls $1.9 Billion Revival Plan for Lotus Cars
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UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ
(Reuters) – U.S. regulators are asking Tesla Inc (TSLA.O) why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported on Wednesday. Musk announced his plan on his personal Twitter account on Tuesday, and the U.S. Securities and Exchange… Continue reading UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ
Wipro, Genesys sign pact for autonomous car solutions
BENGALURU: Software services major Wipro and Genesys International Corporation have signed a pact to develop solutions for autonomous vehicles. While Genesys will use its core strength and the expertise to develop high definition maps and content, Wipro will develop the navigational and control technology for autonomous system and smart mobility companies, said Genesys in a… Continue reading Wipro, Genesys sign pact for autonomous car solutions
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’
UPDATE 4-Tesla board evaluating CEO Musk’s idea to take company private
(Reuters) – Tesla Inc’s (TSLA.O) board said it was evaluating taking the company private, a day after Chief Executive Elon Musk surprised shareholders with the idea of launching the biggest leveraged buyout of all time. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space… Continue reading UPDATE 4-Tesla board evaluating CEO Musk’s idea to take company private
MY Digest: BM Mobility launches service in KL; Axis REIT buys industrial asset
August 8, 2018 SGX-listed BM Mobility Ltd has launched its own brand of electric bike-sharing service Revgo in Malaysia while Bursa-listed Axis REIT has acquired an industrial facility for RM18.5 million ($4.5 million) in Negeri Sembilan, Malaysia. BM Mobility launches bike-sharing service in KL SGX-listed BM Mobility Ltd has launched its own brand of electric… Continue reading MY Digest: BM Mobility launches service in KL; Axis REIT buys industrial asset
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
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
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 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