Tag: Tesla

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

Musk tweet sparks debate on Tesla leadership

As a corporate governance expert, Atkins also sits on the board of at least four public companies, including Cognizant, Wynn Resorts, SL Green Realty and Schneider Electric, as well as the privately held Volvo Cars. “Tesla’s board knows they have a rogue CEO. Why aren’t they doing more?” Atkins said Wednesday on CNBC’s “Squawk on… Continue reading Musk tweet sparks debate on Tesla leadership

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

Elon Musk grumbles at short-sellers, but is private ownership right for Tesla? | Nils Pratley

Nils Pratley on finance Elon Musk Elon Musk grumbles at short-sellers, but is private ownership right for Tesla? Nils Pratley A buy-out could be done, but may not be the paradise the entrepreneur imagines Elon Musk of Tesla Motors. Photograph: Toru Hanai/Reuters Tesla’s Elon Musk isn’t the first chief executive to be infuriated by short-sellers,… Continue reading Elon Musk grumbles at short-sellers, but is private ownership right for Tesla? | Nils Pratley

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