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Tesla forms three-member panel to decide on any Musk deal
11 monthes ago - By Reuters
Tesla's board named a special committee of three directors to negotiate with Elon Musk on taking the electric carmaker private. Roselle Chen reports.
Read more ...Warren Buffett's Berkshire Hathaway loads up on more shares of Goldman Sachs
11 monthes ago - By Business Insider
Warren Buffett's Berkshire Hathaway raised its stake in Goldman Sachs by 21% to 13.2 million shares during the second quarter.
Berkshire's initial position in the Wall Street bank stemmed from an investment during the financial crisis.
Berkshire also added to its Apple position.
Warren Buffett added to his stockpile of Goldman Sachs shares during the second quarter.
The investing legend's Berkshire Hathaway upped its stake in the investment bank by 21% to 13.2 million shares, according to a regulatory filing out Tuesday. It's total position in the firm is now worth more than $3 billion...
Read more ...Major Tesla shareholders trimmed stakes last quarter: filings
11 monthes ago - By Reuters
Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private this month.
Read more ...Inside SpaceX, the Willy Wonka-like rocket factory that plans to send private citizens to space
11 monthes ago - By Washington Post
A visit from the company's first astronauts augurs a significant point in the future of SpaceX, founded by Elon Musk in 2002 with the goal of making space accessible to large numbers of people, and eventually colonizing Mars.
Read more ...Tesla forms committee to review Musk's plan
11 monthes ago - By Reuters
Tesla's board named a special committee of three directors on Tuesday to evaluate possibly taking the electric carmaker private, although it said it had yet to see a firm offer from the company's chief executive, Elon Musk.
Read more ...Tesla board moves to explore going private, and shareholders sue over Elon Musk's tweets
11 monthes ago - By Stl Today
WASHINGTON - Tesla Inc.'s board of directors said Tuesday it was forming a special committee to explore Chief Executive Elon Musk's desire to take the Palo Alto electric-car maker private even as at least two shareholder lawsuits have been filed...
Read more ...There's an X-factor in Tesla's go-private deal that no one is considering while they try to figure out what Elon Musk is thinking
11 monthes ago - By Chron
Mark Brake/Getty Images
The financial world is fixated on Tesla CEO Elon Musk's go-private deal for the company.
But Tesla remains a public company - and all the business issues it was dealing with before the go-private plan was announced continue to be in play.
Tesla is still aiming to post a profit in the second half of 2018.
Last week, Tesla CEO Elon Musk fired off the tweet heard 'round the financial world, revealing that he was considering taking Tesla private.
Since then, assorted frenzied analysts have attempted to discern what Musk meant and when he meant it.
Read more ...Pressure mounts on Tesla as it gets hit with a third securities fraud lawsuit in wake of Elon Musk's 'funding secured' tweet
11 monthes ago - By Business Insider
Tesla is facing another lawsuit accusing CEO Elon Musk of manipulating the company's stock price.
A complaint filed on Monday in US District Court in California alleges that some investors purchased Tesla stock "at artificially inflated prices and suffered significant losses and damages once the truth emerged" that Musk had not secured the funding necessary to convert Tesla into a private company for $420 per share, as he said on August 7.
Tesla declined Business Insider's request for comment.
Tesla is facing another lawsuit accusing CEO Elon Musk of manipulating the company's stock price...
Read more ...Elon Musk says he's hired Goldman Sachs to help take Tesla private - even though the bank's analyst is one of the most bearish on Wall Street
11 monthes ago - By Business Insider
Elon Musk tweeted late Monday that he was "excited to work with Silver Lake and Goldman Sachs" in his plan to take Tesla private.
Goldman Sachs' analyst is one of the most bearish Tesla analysts on Wall Street, with a "sell" rating and $210 price target - 40% below where shares are trading.
Companies generally favor banks whose analysts rate them favorably.
Musk is no stranger to hating Tesla bears, and interrupted two analysts with "sell" ratings on the company's first-quarter conference call.
Follow Tesla's stock price in real-time here.
Elon Musk hasn't been one to hide his disdain for...
Read more ...Elon Musk says he's hired Goldman Sachs to help take Tesla private - even though the bank's analyst is one of the most bearish on Wall Street
11 monthes ago - By Business Insider
Elon Musk tweeted late Monday that he was "excited to work with Silver Lake and Goldman Sachs" in his plan to take Tesla private.
Goldman Sachs' analyst is one of the most bearish Tesla analysts on Wall Street, with a "sell" rating and $210 price target - 40% below where shares are trading.
Companies generally favor banks whose analysts rate them favorably.
Musk is no stranger to hating Tesla bears, and interrupted two analysts with "sell" ratings on the company's first-quarter conference call.
Follow Tesla's stock price in real-time here.
Elon Musk hasn't been one to hide his disdain for...
Read more ...
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