SAN FRANCISCO – Tesla Inc (TSLA.O) Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker’s production volume did not violate his fraud settlement and he cannot be held in contempt. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla… Continue reading Elon Musk shoots down U.S. regulator’s complaint about his Tesla tweet
Tag: Financial Results
UPDATE 5-Elon Musk shoots down U.S. regulator’s complaint about his Tesla tweet
SAN FRANCISCO – Tesla Inc (TSLA.O) Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker’s production volume did not violate his fraud settlement and he cannot be held in contempt. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla… Continue reading UPDATE 5-Elon Musk shoots down U.S. regulator’s complaint about his Tesla tweet
Elon Musk’s lawyers shoot down SEC filing against Tesla CEO
Tesla Inc (TSLA.O) Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker’s production volume did not violate his fraud settlement and he cannot be held in contempt. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking… Continue reading Elon Musk’s lawyers shoot down SEC filing against Tesla CEO
Report: Google’s Waymo seeks outside investment and a sky-high valuation
Alphabet’s self-driving vehicle subsidiary Waymo may raise outside capital for the first time at a valuation “at least several times” that of Cruise, the General Motors-owned autonomous vehicle business worth nearly $15 billion, according to a report published by The Information on Monday. We’ve reached out to our sources to confirm. Waymo didn’t immediately respond… Continue reading Report: Google’s Waymo seeks outside investment and a sky-high valuation
NVIDIA to Acquire Mellanox for $6.9 Billion
Unites leaders in processing and interconnect for the high performance computing market Builds on the companies’ long history of collaboration and joint innovation Expected to be accretive to NVIDIA’s non-GAAP gross margin, non-GAAP EPS and free cash flow immediately after close NVIDIA and Mellanox today announced that the companies have reached a definitive agreement under… Continue reading NVIDIA to Acquire Mellanox for $6.9 Billion
Morgan – the last family-owned British carmaker set to sell to Italian firm
“ Morgan Motor Company has announced that Italian investment firm, Investindustrial, will take over majority ownership of the car company in April. Investindustrial has announced the acquisition of a majority stake in Morgan Motor Company – image courtesy of Investindustrial The announcement occurred at the Geneva motor show, alongside the company unveiling its latest Morgan… Continue reading Morgan – the last family-owned British carmaker set to sell to Italian firm
Continental AG’s full-year earnings hit by electric investments, downturn
FILE PHOTO: Flags of German tyre company Continental are seen before the annual news conference in Hanover, Germany March 2, 2017. REUTERS/Fabian BimmerMore FRANKFURT (Reuters) – Auto supplier Continental AG’s operating profit fell 12 percent last year, hit by an auto industry downturn and higher investments, but it pledged to press ahead with a listing… Continue reading Continental AG’s full-year earnings hit by electric investments, downturn
Lyft lays off up to 50 in bikes and scooters as it gears up for another wave of launches
As Lyft continues to prepare for its IPO, the on-demand transportation startup is trimming staff to cut costs ahead of another wave of expansion. TechCrunch has learned and confirmed that Lyft has laid off around 50 staff in its bike and scooter division, mainly people who had joined the company when it acquired the electric… Continue reading Lyft lays off up to 50 in bikes and scooters as it gears up for another wave of launches
Audi delivered around 119,800 premium cars in February
The brand with the four rings delivered around 119,800 cars to customers worldwide in February, 8.5 percent less than in the same record-breaking month in 2018. Deliveries increased slightly in China (+1.8%). North America (-14.3%) and Europe ( 12.8%) saw deliveries fall. Cumulative deliveries across all markets in the first two months were down 5.5… Continue reading Audi delivered around 119,800 premium cars in February
Airbnb agrees to acquire last-minute hotel-booking app HotelTonight
As Airbnb gears up for its big leap into the public markets, it’s expanding its accommodations platform to include more than just treehouses and quirky homes. Today, the company has confirmed its intent to acquire HotelTonight, the developer of a hotel-booking application that lets travelers arrange last-minute accommodations. The deal was previously reported by The… Continue reading Airbnb agrees to acquire last-minute hotel-booking app HotelTonight