Elon Musk
Cramer: 15 things I learned about the changing tech sector from my week in Silicon Valley
It’s been more than two years — going back to the start of the Covid pandemic — since I have been able to do a deep dive of Silicon Valley. But over the past week I was able to reconnect with many executives, CEOs, and market insiders in CNBC’s San Francisco bureau, and I was […]
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Tesla’s China output decline trending deeper than Musk forecast, data and internal memos show
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters Production at Tesla’s Shanghai factory is on track to fall by over a third this quarter from the first three months of the year as China’s zero-Covid lockdowns caused deeper disruptions to […]
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UBS upgrades Tesla to buy, sees more than 50% upside for electric vehicle stock
After a major pullback in Tesla ‘s share price this year, UBS says the stock looks attractive and that the electric vehicle maker’s future looks brighter than ever. UBS said it was “time to be bold” and upgraded Tesla to buy from neutral. The firm reiterated its $1,100 price target on the stock, which implies […]
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Twitter plans shareholder vote by August on sale to Musk
The Twitter logo is displayed on the facade of the company’s headquarters in San Francisco. David Paul Morris | Bloomberg | Getty Images Twitter plans to hold a shareholder vote by early August on its $44 billion sale to Elon Musk, as it continues to work “constructively” to complete the deal with the world’s richest […]
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Shares of Chinese EV maker BYD jump after exec says company is set to supply batteries to Tesla
This photo from Dec. 2019 shows robotic arms spray painting a car body shell at the BYD Automobile Company Limited Xi’an plant. BYD is set to supply Tesla with batteries “very soon,” a senior company executive told a Chinese state media anchor. Yuan Jingzhi | Visual China Group | Getty Images Shares of electric vehicle […]
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Elon Musk’s Twitter deal threats put new financing on ice, sources say
Elon Musk’s Tweet displayed on a screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 14, 2022. Jakub Porzycki | Nurphoto | Getty Images Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of […]
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SpaceX CEO Elon Musk says an IPO of Starlink satellite internet business is still ‘3 or 4 years’ away
SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline […]
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Texas Attorney General Ken Paxton launches Twitter bots probe after Musk’s public complaints
Texas Attorney General Ken Paxton speaks during a news conference after the U.S. Supreme Court heard oral arguments in President Joe Biden’s bid to rescind a Trump-era immigration policy that forced migrants to stay in Mexico to await U.S. hearings on their asylum claims, in Washington, U.S., April 26, 2022. Elizabeth Frantz | Reuters Texas […]
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Musk accuses Twitter of ‘resisting and thwarting’ his right to information on fake accounts
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk accused Twitter of “resisting and thwarting” his right to information about fake accounts on the platform, calling it a “clear material breach” of the terms of their merger agreement in a letter to the company on Monday. “Mr. Musk […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to bounce after Wall Street’s losing week Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters Wall Street was set to […]
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