Tesla Inc
Musk told banks he will rein in Twitter pay, make money from tweets
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with the matter said. Musk made the pitch to […]
Read More
5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Tech pressures Wall Street premarket; data shows inflation still high Traders on the floor of the NYSE, April 28, 2022. Source: NYSE 2. Amazon falls on ugly forecast and slowest growth since dot-com bust Andy Jassy, CEO […]
Read More
Chinese leaders stick to Covid controls as the virus spreads and forces a Beijing luxury mall to close temporarily
Major luxury goods mall Beijing SKP, pictured here in 2021, said Friday it would close — with no reopening date specified — after the city confirmed three Covid cases in an apartment community nearby. Qilai Shen | Bloomberg | Getty Images BEIJING — China showed few signs of loosening its zero-Covid control policies as the […]
Read More
Top autos CEO warns of battery supply scarcity as EV competition heats up
In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehicles. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images The new CEO and president of Volvo Cars has predicted […]
Read More
Elon Musk sold around $4 billion worth of Tesla shares
Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020. Andrew Harrer | Bloomberg | Getty Images Elon Musk sold roughly $4 billion worth of Tesla shares, according to filings with the Securities and Exchange […]
Read More
Elon Musk will be the most indebted CEO in America if the Twitter deal goes through
The world’s richest person could soon add another title to his name – America’s most leveraged CEO. Two-thirds of Elon Musk’s financing for the $44 billion deal to take Twitter private will have to come out of his own pocket. That pocket is deep. He has a net worth of about $250 billion. Yet because […]
Read More
Elon Musk wins shareholder lawsuit over Tesla’s $2.6 billion SolarCity acquisition
Elon Musk, chief executive officer of Tesla Inc., arrives at court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021. Al Drago | Bloomberg | Getty Images A Delaware court ruled in favor of defendant Elon Musk on Wednesday in a shareholder lawsuit over Tesla’s $2.6 billion acquisition of SolarCity. Tesla […]
Read More
Judge knocks down Elon Musk’s bid to end SEC consent decree
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters A federal judge has knocked down Tesla CEO Elon Musk’s bid to terminate a settlement agreement that he struck with the Securities and Exchange Commission after the agency charged him with securities fraud […]
Read More
5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street to open higher after Nasdaq’s nearly 4% plunge Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures bounced Wednesday, getting a boost from Dow stock Microsoft’s more than 5% […]
Read More
Twitter says mass deactivations after Musk news were ‘organic’
In this photo illustration, the Twitter logo is displayed on the screen of the phone, with Elon Musk’s Twitter account in the background. Twitter was flooded with user reports of high-profile accounts losing thousands of followers in the hours after news broke that Tesla CEO Elon Musk would purchase the social network. Sheldon Cooper/SOPA Images […]
Read More