• Tesla shares nosediving as Elon Musk's privatization plans leave market unimpressed

    2 monthes ago - By RT

    Shares in electric carmaker Tesla continued falling on Monday. The company has lost a third of its value in two weeks since CEO Elon Musk announced privatization plans. Analysts say Musk hasn't secured the funding.
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  • Term Sheet - Monday, August 20

    2 monthes ago - By Fortune

    ELECTRIC DEALS Good morning, Term Sheet readers.
    Things are getting interesting. Reuters reported yesterday that Saudi Arabia's Public Investment Fund is in talks to invest in aspiring Tesla rival Lucid Motors Inc. Lucid Motors is a Newark, Calif.-based electric vehicle manufacturer that does not currently have any cars on the market.
    PIF and Lucid Motors have drawn up a term sheet under which PIF could invest more than $1 billion and obtain majority ownership, according to the report. PIF's first investment would be for $500 million, and subsequent cash infusions would come in two stages...
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  • Tesla tumbles as Saudi Arabia looks to invest in an electric competitor

    Tesla tumbles as Saudi Arabia looks to invest in an electric competitor

    2 monthes ago - By Business Insider

    Saudi Arabia has been in talks with electric-car maker Lucid Motors, Reuters reports Monday.
    JPMorgan cut its price target for Tesla to $195 from $305 on Monday, citing the fact funding has not been secured like Elon Musk originally said.
    Tesla shares sank more than 6% in early trading Monday.
    Follow Tesla's stock price in real-time here.
    Shares of Tesla are on track to continue their decline Monday morning, set to open down 6%, after a report from Reuters said Saudi Arabia's Public Investment Fund was considering an investment in rival electric-car maker Lucid Motors.
    News of the talks...
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  • Tesla tumbles as Saudi Arabia looks to invest in an electric competitor

    Tesla tumbles as Saudi Arabia looks to invest in an electric competitor

    2 monthes ago - By Business Insider

    Saudi Arabia has been in talks with electric-car maker Lucid Motors, Reuters reports Monday.
    JPMorgan cut its price target for Tesla to $195 from $305 on Monday, citing the fact funding has not been secured like Elon Musk originally said.
    Tesla shares sank more than 6% in early trading Monday.
    Follow Tesla's stock price in real-time here.
    Shares of Tesla are on track to continue their decline Monday morning, set to open down 6%, after a report from Reuters said Saudi Arabia's Public Investment Fund was considering an investment in rival electric-car maker Lucid Motors.
    News of the talks...
    Read more ...

     

  • Tesla tumbles as Saudi Arabia looks to invest in an electric competitor

    Tesla tumbles as Saudi Arabia looks to invest in an electric competitor

    2 monthes ago - By Business Insider

    Saudi Arabia has been in talks with electric-car maker Lucid Motors, Reuters reports Monday.
    JPMorgan cut its price target for Tesla to $195 from $305 on Monday, citing the fact funding has not been secured like Elon Musk originally said.
    Tesla shares sank more than 6% in early trading Monday.
    Follow Tesla's stock price in real-time here.
    Shares of Tesla are on track to continue their decline Monday morning, set to open down 6%, after a report from Reuters said Saudi Arabia's Public Investment Fund was considering an investment in rival electric-car maker Lucid Motors.
    News of the talks...
    Read more ...

     

  • Strange Bedfellows: Saudi Arabia And Tesla Inc

    2 monthes ago - By Forbes

    Saudi Arabia's sovereign wealth fund is investing in Elon Musk's Tesla Inc. While the move may seem counterintuitive, it reveals a shrewd economic hedging strategy that aims to decouple fossil fuels from the Kingdom's economic future.
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  • Saudi Arabia Might Not Fund Tesla's Go-Private Plans After All

    2 monthes ago - By Fortune

    The blows just keep coming for Elon Musk.
    In August alone the entrepreneur has become the subject of an SEC investigation , made a dubious Twitter announcement about taking his company Tesla private, and gave a teary interview to the New York Times , causing Tesla shares to plummet .
    Now it looks like the Saudi Arabian sovereign wealth fund, the main candidate to take Tesla private, might actually invest in a Tesla rival instead. Reuters reported on Sunday that the Saudi Public Investment Fund was in talks with Lucid Motors Inc. Lucid Motors is already privately held, and PIF's interest in...
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