• Elon Musk reveals he is working with Goldman Sachs and Silver Lake to help take Tesla private

    1 month ago - By Business Insider

    Elon Musk said via Twitter Monday evening that he was working on a proposal with Goldman Sachs and Silver Lake as financial advisors to take Tesla private.
    In a statement on Monday , Musk also shared more details about who might fund a deal to take Tesla private.
    Musk said in the statement that a meeting with the managing director of Saudi Arabia's sovereign wealth fund prompted his tweet about wanting to take Tesla private. But Musk said he is also having discussions with other investors because he wants to "continue to have a broad investor base."
    Elon Musk said via Twitter Monday...
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  • 'It was, at best, hasty and naive, and, at worst, manipulative': Experts slam Elon Musk's confusing defense of why he tweeted 'funding secured'

    'It was, at best, hasty and naive, and, at worst, manipulative': Experts slam Elon Musk's confusing defense of why he tweeted 'funding secured'

    1 month ago - By Chron

    Rebecca Cook / Reuters
    Tesla CEO Elon Musk released a statement on Monday in which he shed light on some of the questions raised last week by his statements about taking the company private.
    But Musk's explanation is incomplete and raises new questions, experts say.
    Musk's new statement doesn't back up his claim last week that he had "secured" funding to take Tesla private, Jeffrey Sonnenfeld, the senior associate dean for leadership studies at the Yale School of Management, told Business Insider.
    And Musk doesn't explain an estimate he makes about the amount of funding he'll have to raise...
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  • Some of Tesla's board members were reportedly 'totally blindsided' by Elon Musk's tweet about going private

    Some of Tesla's board members were reportedly 'totally blindsided' by Elon Musk's tweet about going private

    1 month ago - By Business Insider

    Elon Musk's decision to tweet that he was considering taking Tesla private reportedly caught the company's own board of directors off-guard, The New York Times reported Monday night.
    That August 7 tweet caused Tesla's stock to skyrocket to $380 per share that day.
    In the days that followed, the SEC got involved, reportedly investigating Musk's online musings about taking the company private.
    The fallout from that tweet follows an extended run of public missteps by the Tesla CEO.
    Elon Musk's decision to tweet that he was considering taking Tesla private reportedly caught some of the...
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  • Some of Tesla's board members were reportedly 'totally blindsided' by Elon Musk's tweet about going private

    Some of Tesla's board members were reportedly 'totally blindsided' by Elon Musk's tweet about going private

    1 month ago - By Business Insider

    Elon Musk's decision to tweet that he was considering taking Tesla private reportedly caught the company's own board of directors off-guard, The New York Times reported Monday night.
    That August 7 tweet caused Tesla's stock to skyrocket to $380 per share that day.
    In the days that followed, the SEC got involved, reportedly investigating Musk's online musings about taking the company private.
    The fallout from that tweet follows an extended run of public missteps by the Tesla CEO.
    Elon Musk's decision to tweet that he was considering taking Tesla private reportedly caught some of the...
    Read more ...

     

  • Musk says Silver Lake, Goldman advising on taking Tesla private

    1 month ago - By Reuters

    Tesla Inc Chief Executive Elon Musk on Monday tweeted that he would work with buyout firm Silver Lake and investment bank Goldman Sachs as financial advisers on a proposal to take private the electric car maker.
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  • Musk says working with Silver Lake, Goldman on proposal to take Tesla private

    1 month ago - By Reuters

    Tesla Inc Chief Executive Officer Elon Musk said on Monday he was working with Silver Lake Partners and Goldman Sachs Group Inc for financial advice on his proposal to take the electric car company private.
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  • DealBook: Elon Musk's Tweets on Tesla Started a Tizzy. Someone Should Hit the Brakes

    1 month ago - By NY Times

    Executives are permitted to disclose market-moving information on social media. But Mr. Musk has provided regulators ample opportunity to re-examine the policy.
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  • While Elon Musk Pushes to Take Tesla Private, China's Nio Files for a $1.8 Billion IPO

    1 month ago - By Fortune

    At a time when Tesla CEO Elon Musk struggles to take his company private, Nio, a Chinese manufacturer of premium elected vehicles, filed to go public in a stock offering that could raise as much as $1.8 billion.
    Nio, whose Chinese name translates as “Blue Sky Coming,” began making deliveries in June of its first electric car, the ES8. The company is planning to introduce a lower-cost SUV next year and more models in subsequent years.
    In the first half of 2018, Nio reported less than $7 million in revenue and net loss of $503 million. The automaker said that it had delivered 481 ES8...
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  • Here's Mark Cuban's advice to Tesla CEO Elon Musk and the company's shareholders

    Here's Mark Cuban's advice to Tesla CEO Elon Musk and the company's shareholders

    1 month ago - By Stl Today

    It's been a topsy-turvy couple of weeks for Elon Musk, the man behind electric car company Tesla. Musk, who has never been shy to share his opinion on anything and everything, has taken some criticism for recent tweets in which...
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