Tag: Tesla

UPDATE 1-SEC pressing Tesla directors for details on communications with Musk – WSJ

(Reuters) – Federal regulators are pressing Tesla Inc’s (TSLA.O) directors for details on how much information Chief Executive Elon Musk shared with them before he tweeted last week about a potential deal to take the company private, the Wall Street Journal reported on Thursday, citing a person familiar with the matter. FILE PHOTO: Tesla Motors… Continue reading UPDATE 1-SEC pressing Tesla directors for details on communications with Musk – WSJ

SEC pressing Tesla directors for details on communications with Musk: Wall Street Journal

(Reuters) – Federal regulators are pressing Tesla Inc’s (TSLA.O) directors for details on how much information Chief Executive Elon Musk shared with them before he tweeted last week about a potential deal to take the company private, the Wall Street Journal reported on Thursday, citing a person familiar with the matter. FILE PHOTO: Tesla Motors… Continue reading SEC pressing Tesla directors for details on communications with Musk: Wall Street Journal

Tesla on track to make 8,000 Model 3s per week, Evercore says

(Reuters) – Tesla Inc (TSLA.O) is on its way to make 8,000 Model 3 cars per week even as it burns more cash, Evercore analysts wrote in a note on Thursday, following their visit to the electric-car maker’s California facility. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S.,… Continue reading Tesla on track to make 8,000 Model 3s per week, Evercore says

Exclusive: In Chinese port city, Japan’s Toyota lays foundation to ramp up sales

BEIJING (Reuters) – Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. FILE PHOTO: An employee walks past as he checks on newly-produced… Continue reading Exclusive: In Chinese port city, Japan’s Toyota lays foundation to ramp up sales

Tesla: ‘No formal proposal’ to go private

Tesla has not received a formal proposal from its founder Elon Musk to take the company private, its board of directors has said. The electric carmaker said it had created a special committee of three directors to evaluate any such proposal. Mr Musk announced on Twitter on 7 August that he was considering taking Tesla… Continue reading Tesla: ‘No formal proposal’ to go private

CORRECTED-NIO seeks to raise $1.8 bln in biggest U.S. listing by China automaker

HONG KONG/SHANGHAI (Reuters) – Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker. FILE PHOTO: Visitors check NIO ES8 displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25,… Continue reading CORRECTED-NIO seeks to raise $1.8 bln in biggest U.S. listing by China automaker

UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private

(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc (GS.N) as financial advisers on his plan to take the U.S. electric car maker private. The announcement represents the latest effort by Musk to add credibility to… Continue reading UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private

UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing

(Reuters) – Elon Musk on Monday explained what he meant by tweeting “funding secured” to take Tesla Inc private: he is confident a deal can be done but has not yet finalized a plan. What exactly Musk had intended by saying “secured” has emerged as a potential legal and regulatory minefield for the Silicon Valley… Continue reading UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing