Tag: Tesla

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

Elon Musk’s tweets a strategy to distract from Tesla problems: Yale management expert

In an email sent later to Tesla employees, Musk wrote, “a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best.” He also said, “If the process ends the way I expect it will, a private Tesla would ultimately be an… Continue reading Elon Musk’s tweets a strategy to distract from Tesla
problems: Yale management expert

Elon Musk explains why taking Tesla private is ‘the best path forward’

Earlier today, Tesla CEO Elon Musk tweeted about how he’s considering taking Tesla private. Now, Tesla has published an email Musk sent to employees today that describes his rationale. However, no decision has been made yet, Musk wrote in the email. Musk says it’s “the best path forward” because taking Tesla private would help minimize… Continue reading Elon Musk explains why taking Tesla private is ‘the best path forward’

UPDATE 1-Tesla starts hiring for new $2 bln Shanghai plant

BEIJING/SHANGHAI (Reuters) – Tesla Inc (TSLA.O) has started hiring for a new factory in Shanghai, according to job postings on its website, just a month after the U.S. electric vehicle (EV) maker signed agreements with local authorities for the $2 billion project. People walk past a showroom outside Tesla China headquarters at China Central Mall… Continue reading UPDATE 1-Tesla starts hiring for new $2 bln Shanghai plant

No need to buy a Cadillac, Mercedes-Benz or Volvo when you can simply subscribe

In a world awash in hassles, this seemed like a dream come true. A near-new Cadillac delivered to your home, office or wherever else you’d like. No insurance or maintenance to worry about. If there are issues, a “concierge” is an email or phone call away. Grow tired of the car? Just go to the… Continue reading No need to buy a Cadillac, Mercedes-Benz or Volvo when you
can simply subscribe

Tesla stock jumps on Musk’s tweet that he is considering taking company private; unclear if tweet is legitimate

Then Musk’s account tweeted “Good Morning” with a smiley-face emoji at about 1:30 p.m. ET. Good Morning The stock jumped as high as $371.15 and then came back as traders began to question the legitimacy of the tweet. It was last at about $358, already up more than 5 percent on the day because of… Continue reading Tesla stock jumps on Musk’s tweet that he is considering
taking company private; unclear if tweet is legitimate

Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla: source

DUBAI (Reuters) – Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has bought a minority stake in Tesla (TSLA.O) at just below 5 percent, a source familiar with the matter said on Tuesday. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018. REUTERS/Mike Blake/File Photo PIF… Continue reading Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla: source