Tag: Tesla

UPDATE 2-Tesla’s slow disclosure raises governance, social media concerns

WASHINGTON (Reuters) – Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. FILE PHOTO: Tesla CEO Elon Musk at a press conference at the Kennedy Space Center… Continue reading UPDATE 2-Tesla’s slow disclosure raises governance, social media concerns

Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private

Elon Musk, Tesla’s chief executive, said on Monday that he had held meetings with representatives of a Saudi sovereign wealth fund who expressed an eagerness to help him take the electric-car maker private. Writing in a post on Tesla’s corporate blog, Mr. Musk offered his fullest explanation yet for what he said were the circumstances… Continue reading Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private

UPDATE 1-Tesla CEO Musk accused in lawsuit of fraud over going-private proposal

(Reuters) – Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they committed securities fraud in a scheme to “completely decimate” short-sellers that included Musk’s proposal to take the electric car company private. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla,… Continue reading UPDATE 1-Tesla CEO Musk accused in lawsuit of fraud over going-private proposal

Tesla shareholders who sell if EV maker goes private will be losers for one big reason: A.I.

Nidhi Kalra, senior information scientist for the nonprofit research organization RAND Corporation, has said that any simulation used by Waymo or another Tesla competitor is a simplification of the real world: “Real-world miles still really, really matter. That’s where, literally, the rubber meets the road, and there’s no substitute for it.” Billions of new sensors… Continue reading Tesla shareholders who sell if EV maker goes private will be
losers for one big reason: A.I.

Apple hints at plan to build a car after all as it rehires ex-Tesla engineering head

If you’re looking for hints that Apple might deliver on its long-rumored plan to develop its own car, a significant one landed this week after it emerged that Doug Field — Apple’s former VP of Mac hardware engineering — has rejoined from the company after a spell with Tesla. John Gruber at Daring Fireball broke… Continue reading Apple hints at plan to build a car after all as it rehires ex-Tesla engineering head

Tesla falls as much as 6 percent, giving back gains prompted by Musk’s tweet on going private

The stock was down most of the day, and dipped more after a Bloomberg report that the SEC had been gathering information on Tesla prior to Tuesday. The agency had been looking into Tesla’s public statements on production numbers and sales targets, the news site reported, and intensified its scrutiny after Tuesday’s tweet. With Thursday’s… Continue reading Tesla falls as much as 6 percent, giving back gains prompted
by Musk’s tweet on going private

GM squeezes pounds and pennies to attack Ford’s pickup profit machine

FORT WAYNE, Ind. (Reuters) – When General Motors Co (GM.N) engineers were developing the 2019 Chevrolet Silverado and GMC Sierra pickup trucks, some of them joined public tours of Ford Motor Co’s (F.N) Dearborn, Michigan factory to watch aluminum-bodied F-series trucks go down the assembly line. FILE PHOTO: General Motors reveals its 2019 Chevrolet Silverado… Continue reading GM squeezes pounds and pennies to attack Ford’s pickup profit machine