Tesla Inc
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 […]
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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 […]
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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 […]
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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% […]
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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 […]
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Elon Musk will owe Twitter $1 billion if he can’t secure financing
In this photo illustration Elon Musk Twitter seen displayed on a smartphone screen with Twitter logo in the background in Chania, Crete Island, Greece on April 23, 2022. Nikolas Kokovlis | Nurphoto | Getty Images Elon Musk, CEO of SpaceX and Tesla, could be required to pay Twitter a termination fee of $1 billion, under […]
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GM will start tying executive compensation to electric vehicle targets
General Motors Chairwoman and Chief Executive Officer Mary Barra speaks during a meeting hosted by U.S. President Joe Biden with private sector CEOs to discuss the Build Back Better agenda at the White House in Washington, U.S., January 26, 2022. Kevin Lamarque | Reuters DETROIT – General Motors will begin tying a “significant part” of […]
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Ford CEO says the automaker plans to challenge Tesla as global EV leader
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DEARBORN, Mich. — Ford Motor has set its sights on topping Tesla in the race to become the global leader in electric vehicles, CEO Jim Farley said Tuesday. The goal […]
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Tesla stock falls more than 10% after Musk’s Twitter deal
A Tesla store is seen in Shanghai, China, Feb 1, 2022. Costfoto | Future Publishing | Getty Images Tesla stock was down more than 10% in the morning as the tech-heavy Nasdaq Composite slipped about 3.2%. Other mega-cap tech stocks like Apple, Amazon, Google and Facebook parent Meta were also down between 2% and 4%. […]
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Musk’s Twitter takeover may boost Facebook, Google and Snap ad revenues
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Elon Musk’s private takeover of Twitter may boost ad revenue for YouTube, Snap, Meta and TikTok, analysts from several Wall Street firms said in recent notes to investors. Twitter, which announced it accepted […]
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