• Exclusive: Tesla's board seeking more information on Musk's financing plan - sources

    4 monthes ago - By Reuters

    Tesla Inc's board of directors is seeking more information from CEO Elon Musk about the finance for his plan to take the U.S. electric car maker private, according to people familiar with the matter.
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  • Tesla's board may reportedly tell Elon Musk to recuse himself from talks about taking the company private

    Tesla's board may reportedly tell Elon Musk to recuse himself from talks about taking the company private

    4 monthes ago - By Business Insider

    Tesla 's board of directors may tell CEO Elon Musk to recuse himself as it explores the possibility of taking the company private, CNBC reports, citing people familiar with the matter.
    According to the publication, the board plans to meet with financial advisors to determine how it will explore the idea of how to convert Tesla into a private company and has told Musk that he must consult a separate, personal set of advisors.
    The board will probably form a smaller, special committee comprised of independent directors to analyze buyout proposals, CNBC reports.
    According to the publication...
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  • Tesla board plans to tell Elon Musk to recuse himself, prepares to review take-private plan

    4 monthes ago - By CNBC

    The board plans to meet with advisors next week about taking Tesla private, and has told Musk that he needs his own separate set of advisers.
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  • Tesla's board may reportedly tell Elon Musk to recuse himself from talks about taking the company private

    Tesla's board may reportedly tell Elon Musk to recuse himself from talks about taking the company private

    4 monthes ago - By Business Insider

    Tesla's board of directors may tell CEO Elon Musk to recuse himself as it explores the possibility of taking the company private, CNBC reports, citing people familiar with the matter.
    According to the publication, the board plans to meet with financial advisors to determine how it will explore the idea of how to convert Tesla into a private company and has told Musk that he must consult a separate, personal set of advisors.
    The board will probably form a smaller, special committee comprised of independent directors to analyze buyout proposals, CNBC reports.
    According to the publication...
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  • Moody's says Musk's plan to take Tesla private could hurt its credit rating

    4 monthes ago - By CNBC

    A possible move by Tesla to go private could hurt the electric car maker's credit standing as cash flow remains tight, according to Moody's Investors Service.
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  • With no white knight in sight, Tesla shares plummet from Musk's tweet-related highs

    With no white knight in sight, Tesla shares plummet from Musk's tweet-related highs

    4 monthes ago - By Tech Crunch

    Investors definitely aren't stoked by the deafening silence coming from Tesla after its chief executive announced in a tweet that he plans to drop a fat sack of cash on public shareholders in a bid to take the company private.
    Tesla's shares have tumbled from their post-tweet highs as investors are now left with the embers of what is increasingly looking like a Musk-induced pipe dream to lift the economic burdens the company faces by delisting it.
    At the close of the market Tesla shares were down $17.89 to $352.45, basically erasing the gains it had earned based on speculation of an...
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  • Tesla Stock Drops, Wiping Out Elon Musk's Twitter-Fueled ‘Going Private' Rally

    4 monthes ago - By Fortune

    It didn't take long for the euphoria to fade.
    Two days after Elon Musk triggered a frantic rally with a tweet saying he was considering taking Tesla tsla private, the stock erased all of those gains.
    Doubts have mounted about Musk's ability to take the electric-car maker off the market, sending the stock tumbling 4.8% to $352.45 on Thursday, well off the $420 at which Musk said shareholders would be bought out. The shares have dropped on back-to-back days after jumping 11% on Tuesday, when Musk vowed that he had "funding secured" at a spectacular $82 billion valuation.
    Since that initial...
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  • Tesla shares fall 5 percent on Wall Street skepticism, SEC probe reports

    4 monthes ago - By Reuters

    Tesla Inc's shares slipped more than 5 percent to a two-day low on Thursday, wiping out all the gains fueled by Chief Executive Elon Musk's recent tweet announcing a plan to take the company private.
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  • Tesla is now worth less than it was before Elon Musk's $420 tweet

    Tesla is now worth less than it was before Elon Musk's $420 tweet

    4 monthes ago - By Business Insider

    Tesla surged more than 10% Tuesday after Elon Musk said he was considering taking the company private.
    However a lack of more information and a reported investigation by federal regulators have wiped out the gains.
    Follow Tesla's stock price in real-time here.
    Shares of Tesla have rolled over and given up their more than 10% gains from Tuesday when CEO Elon Musk tweeted that he was considering taking the company private at $420 share.
    The stock declined more than 6% Thursday, falling as low as $346.49. When Musk's cryptic tweet sent shockwaves through markets at 12:48 p.m. ET on Tuesday...
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  • The SEC Is Intensifying Its Probe of Tesla: Report

    4 monthes ago - By Fortune

    The U.S. Securities and Exchange Commission is intensifying its scrutiny of Tesla Inc.'s public statements in the wake of Elon Musk's provocative tweet Tuesday about taking the electric-car company private, according to two people familiar with the matter.
    SEC enforcement attorneys in the San Francisco office were already gathering general information about Tesla's public pronouncements on manufacturing goals and sales targets, according to the people who asked not to be named because the review is private.
    Now, attorneys from that office are also examining whether Musk's tweet about...
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  • SEC reportedly 'intensifying' examination of Tesla after Elon Musk tweets about taking the company private

    SEC reportedly 'intensifying' examination of Tesla after Elon Musk tweets about taking the company private

    4 monthes ago - By Business Insider

    The Securities and Exchange Commission is "intensifying" its inquiry into Tesla , Bloomberg reports.
    According to the publication, the agency was gathering information about statements Tesla has made regarding sales and manufacturing targets before its most recent inquiry.
    The SEC and Tesla declined Business Insider's requests for comment.
    The SEC on Wednesday asked Tesla about whether one of CEO Elon Musk 's tweets regarding the possibility of taking the company private was truthful, The Wall Street Journal reported .
    The Securities and Exchange Commission is "intensifying" its inquiry...
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  • SEC reportedly 'intensifying' examination of Tesla after Elon Musk tweets about taking the company private

    SEC reportedly 'intensifying' examination of Tesla after Elon Musk tweets about taking the company private

    4 monthes ago - By Business Insider

    The Securities and Exchange Commission is "intensifying" its inquiry into Tesla, Bloomberg reports.
    According to the publication, the agency was gathering information about statements Tesla has made regarding sales and manufacturing targets before its most recent inquiry.
    The SEC on Wednesday asked Tesla about whether one of Elon Musk's tweets regarding the possibility of taking the company private was truthful, The Wall Street Journal reported .
    The Securities and Exchange Commission is "intensifying" its inquiry into Tesla, Bloomberg reports.
    The agency on Wednesday asked Tesla about...
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