• Exclusive: Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout

    4 monthes ago - By Reuters

    Saudi Arabia's Public Investment Fund has shown no interest so far in financing Tesla Inc CEO Elon Musk's proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said.
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  • Elon Musk's tweet about taking Tesla private might be ethically questionable, but it isn't morally wrong

    4 monthes ago - By Chron

    Max Whittaker / Getty Images
    Tesla CEO Elon Musk's tweet about taking Tesla private was meet with moralistic outrage from market analysts and commentators.
    Tesla has been a stock that's produced an excessive amount of moral opinion.
    At base, Tesla's mission is reasoned and ethical, and this could be why Musk wants to escape market moralism.
    The scolding came quick.
    Right after Tesla CEO Elon Musk tweeted on Tuesday that he was considering taking the company private at $420 per share, a chorus of commentators said that they we're shocked - SHOCKED! - that he had so immodestly...
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  • An Investor Is Suing Elon Musk Over That Tesla Tweet

    4 monthes ago - By Fortune

    Tesla Inc. and Elon Musk were sued by an investor over wild share price swings following the chief executive officer's Aug. 7 tweet saying he was considering taking the company private .
    The complaint alleges violations of U.S. securities law and was filed Friday as a class action in federal court in San Francisco.
    Musk set off a firestorm with the 53-character post on Twitter: "Am considering taking Tesla private at $420. Funding Secured." The stock initially shot up 11 percent to almost $380. Then it fell back, losing about 7 percent over two days, as doubts mounted about the feasibility...
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