Tag Archives: Tesla Motors

Elon Musk says Saudis will back Tesla privatization

When Tesla CEO Elon Musk said he had “funding secured” for a plan to take the company private, he was referring to the Saudi Arabian sovereign wealth fund — whose executives had been pressing him for almost two years to take … Continue reading

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Elon Musk tweets about taking Tesla private

Tesla’s stock shot up sharply today after the company’s billionaire CEO, Elon Musk, tweeted that he was considering taking Tesla private at a price of $420 a share. “Funding secured,” he wrote. When the tweet-sized bombshell hit, Tesla’s stock was already trading … Continue reading

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Despite a big loss, Tesla’s stock registers a big gain

Tesla reported a larger loss per share than expected in the second quarter, but there was more revenue and less of a cash burn than expected — all of which resulted in an after-hours surge in share prices that at one point … Continue reading

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Elon Musk reveals 9 percent job cut at Tesla

Just days after promising he’d make Tesla profitable within months, CEO Elon Musk announced today that 9 percent of the company’s workforce is being laid off as part of the effort to make it so. Musk tweeted out his memo to employees, … Continue reading

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Elon Musk bares his soul as Tesla stays on track

Tesla shareholders at today’s annual meeting swatted down challenges to billionaire CEO Elon Musk, who laid out an admittedly optimistic plan for the crucial months ahead. “This is going to sound maybe a little cheesy, but at Tesla, we build our cars … Continue reading

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Elon Musk berates (and plans to rate) media

Elon Musk’s Tesla electric-car and power company has been getting some bad press lately, and today the tech billionaire pushed back with a tweetstorm criticizing “the holier-than-thou hypocrisy of big media companies” and laying out a plan for a crowdsourced … Continue reading

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Elon Musk and Tesla shares take a weird turn

Tesla’s share price took a weird turn today after the company reported its first-quarter financial results and billionaire CEO Elon Musk dissed analysts’ concerns about the Tesla Model 3 mass-market electric car. The raw numbers reflected Tesla’s efforts to ramp … Continue reading

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