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Tesla Shares Sink Below $1 Trillion As European Auto Sales Slump
Tesla sold less than 10,000 units in Europe last month, down around 45 per cent from a year earlier.
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Indian-Origin Vaibhav Taneja Named New Tesla CFO as Zachary Kirkhorn Steps Down
Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.
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Tesla's Second-Quarter Profit Jumps 20 Percent as Price Cuts Lead to Record Car Sales
Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).
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Elon Musk Found Not Liable in 2018 Tweets Regarding Tesla’s Share Price
Elon Musk was found free of all charges against him after a jury on Friday decided that the billionaire didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal. The nine-member jury reached its verdict after less than two hours of deliberation following a three-week trial.
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Elon Musk’s Fate on Tweet Concerning Tesla’s Inflated Share Price to Be Revealed Today
Tesla shareholders’ lawyer is expected to make closing arguments to a San Francisco jury on Friday in a case claiming Elon Musk falsely tweeted about securing funding to take his electric car company private. A jury of nine will decide whether the tweet artificially inflated Tesla's share price by playing up the status of funding for the deal.
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Tesla to Seek Investor Approval on Second Stock Split at Annual General Meeting: Details
Tesla will seek investor approval for a second stock split in as many years at its annual general meeting Austin, Texas on Thursday. The company will also discuss shareholder proposals for corporate governance-related items. Tesla first announced its plan to increase its number of shares in March, two years after a five-for-one split helped bring ...
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Hyundai Aims to Take on Tesla With Launch of Ioniq 6 First Electric Sedan
Hyundai Motor on Thursday announced the launch of Ioniq 6, its first electric sedan. The South Korean manufacturer aims to grab a bigger share of the electric vehicle market from leader Tesla. It plans to launch 31 electric models through 2030, expanding its EV rang beyond its current crossovers and SUVs to compete head-to-head against Tesla's best...
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Elon Musk-Twitter Legal Fight: What Happens if the Billionaire Doesn't Comply With Court Orders
Twitter has sued Elon Musk to force him to go through with the $44 billion (roughly Rs. 3,50,300 crore) acquisition of the social media company. If Musk continued to ignore a judgment, the court could order Tesla and other Delaware-incorporated companies in which Musk owns a stake to freeze his assets or turn over shares.
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Can Elon Musk Renegotiate A Lower Price For His Twitter Deal?
Twitter Inc shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world's richest person will try to renegotiate the deal.
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Explainer: Can Elon Musk Renegotiate a Lower Price for Twitter Deal as Company’s Shares Plunge?
Elon Musk finalised the deal to take over Twitter at $44 billion on April 25. However, as the company’s shares have plunged to their lowest level since the deal, it has raised questions over whether the world's richest person will try to renegotiate the deal.
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Tesla To Seek Shareholders' Nod For Stock Split: 5 Points
U.S. electric carmaker Tesla Inc is considering a stock split option and will seek shareholder approval to increase its share count. If the process sails through, then it will be the second stock split of the company. Following the announcement, the carmaker's stock rallied 8.03 per cent to $1,091.84 on Monday, adding over $100 billion to its marke...
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''I'm Almost Done With Tesla Stock Sales'': Elon Musk
Tesla Inc Chief Executive Elon Musk, who has sold more than $15 billion worth of shares in the company since early November, said on Wednesday that he was "almost done" with his stock sales.
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Tesla Investor Files Lawsuit Over Elon Musk’s 10 Percent Stock Sale Tweets
A Tesla investor has filed a lawsuit over CEO Elon Musk’s Twitter poll on stock sale that pulled down Tesla’s share price by about a quarter.
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JPMorgan Sues Tesla For $162 Million After Musk Tweets Soured Warrant Deal
According to the complaint, Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
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JPMorgan Sues Tesla For $162 Million Over Warrants, Elon Musk Tweets
JPMorgan Chase & Co on Monday sued Tesla Inc for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract related to stock warrants after its share price soared.
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Tesla Shares Sink Below $1 Trillion As European Auto Sales Slump
Tesla sold less than 10,000 units in Europe last month, down around 45 per cent from a year earlier.
-
Indian-Origin Vaibhav Taneja Named New Tesla CFO as Zachary Kirkhorn Steps Down
Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.
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Tesla's Second-Quarter Profit Jumps 20 Percent as Price Cuts Lead to Record Car Sales
Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).
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Elon Musk Found Not Liable in 2018 Tweets Regarding Tesla’s Share Price
Elon Musk was found free of all charges against him after a jury on Friday decided that the billionaire didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal. The nine-member jury reached its verdict after less than two hours of deliberation following a three-week trial.
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Elon Musk’s Fate on Tweet Concerning Tesla’s Inflated Share Price to Be Revealed Today
Tesla shareholders’ lawyer is expected to make closing arguments to a San Francisco jury on Friday in a case claiming Elon Musk falsely tweeted about securing funding to take his electric car company private. A jury of nine will decide whether the tweet artificially inflated Tesla's share price by playing up the status of funding for the deal.
-
Tesla to Seek Investor Approval on Second Stock Split at Annual General Meeting: Details
Tesla will seek investor approval for a second stock split in as many years at its annual general meeting Austin, Texas on Thursday. The company will also discuss shareholder proposals for corporate governance-related items. Tesla first announced its plan to increase its number of shares in March, two years after a five-for-one split helped bring ...
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Hyundai Aims to Take on Tesla With Launch of Ioniq 6 First Electric Sedan
Hyundai Motor on Thursday announced the launch of Ioniq 6, its first electric sedan. The South Korean manufacturer aims to grab a bigger share of the electric vehicle market from leader Tesla. It plans to launch 31 electric models through 2030, expanding its EV rang beyond its current crossovers and SUVs to compete head-to-head against Tesla's best...
-
Elon Musk-Twitter Legal Fight: What Happens if the Billionaire Doesn't Comply With Court Orders
Twitter has sued Elon Musk to force him to go through with the $44 billion (roughly Rs. 3,50,300 crore) acquisition of the social media company. If Musk continued to ignore a judgment, the court could order Tesla and other Delaware-incorporated companies in which Musk owns a stake to freeze his assets or turn over shares.
-
Can Elon Musk Renegotiate A Lower Price For His Twitter Deal?
Twitter Inc shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world's richest person will try to renegotiate the deal.
-
Explainer: Can Elon Musk Renegotiate a Lower Price for Twitter Deal as Company’s Shares Plunge?
Elon Musk finalised the deal to take over Twitter at $44 billion on April 25. However, as the company’s shares have plunged to their lowest level since the deal, it has raised questions over whether the world's richest person will try to renegotiate the deal.
-
Tesla To Seek Shareholders' Nod For Stock Split: 5 Points
U.S. electric carmaker Tesla Inc is considering a stock split option and will seek shareholder approval to increase its share count. If the process sails through, then it will be the second stock split of the company. Following the announcement, the carmaker's stock rallied 8.03 per cent to $1,091.84 on Monday, adding over $100 billion to its marke...
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''I'm Almost Done With Tesla Stock Sales'': Elon Musk
Tesla Inc Chief Executive Elon Musk, who has sold more than $15 billion worth of shares in the company since early November, said on Wednesday that he was "almost done" with his stock sales.
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Tesla Investor Files Lawsuit Over Elon Musk’s 10 Percent Stock Sale Tweets
A Tesla investor has filed a lawsuit over CEO Elon Musk’s Twitter poll on stock sale that pulled down Tesla’s share price by about a quarter.
-
JPMorgan Sues Tesla For $162 Million After Musk Tweets Soured Warrant Deal
According to the complaint, Tesla in 2014 sold warrants to JPMorgan that would pay off if their "strike" price was below Tesla's share price when the warrants expired in June and July 2021.
-
JPMorgan Sues Tesla For $162 Million Over Warrants, Elon Musk Tweets
JPMorgan Chase & Co on Monday sued Tesla Inc for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract related to stock warrants after its share price soared.
