The company raised the new funds at $419.99 a share, those people said — or just 1 cent below the $420 price thatElon Muskmade infamous in 2018when he declared he had "funding secured" to takeTeslaprivate at that price. The latest round also represents a jump of about 60% in the co...
each of which has been hit. As Musk’s compensation is tied to stock, its value has fluctuated with the price of the company’s shares. In 2021, it was valued at more than $60 billion.
Get the latest news on Elon Musk. From motoring stories and spy shots to first drives, special features, videos and photos, we've got you covered.
Elon Musk: “Twitter serves as the de facto public town square” The news of Musk’s Twitter share buyout comes shortly after the SpaceX founder took to Twitter to ask users their thoughts on the social media platform’s track record when it comes to free speech. In a tweet on March 2...
Two new lawsuits accuse Tesla and its CEO Elon Musk of violating federal securities law by allegedly making false statements to boost the company's stock price. The complaints, filed in federal court in San Francisco this week, claim Musk sought to mislead investors when he said on Twitter tha...
The vote on Musk's payout stems from acourt rulingin January that struck down his previous pay deal, worth almost $56 billion earlier this year. The value has since declined due to a slide in Tesla's share price. That package, approved in 2018 by Tesla shareholders, sparked a shareholder...
Tesla CEO Elon Musk, ranked as the world's wealthiest person by both Forbes and the Bloomberg Billionaires Index, last year explained that the secret to his wealth is simple: "I own 20% of a company that became very valuable." Musk, whose wealth is pegged at $240 billion byBloomberg, ...
China will become the largest market for Tesla, said Elon Musk, co-founder and CEO of the electric carmaker, in an exclusive interview with China Media Group (CMG) on the sidelines of the 2021 China Development Forum that concluded on Monday. "China, I think in the long ter...
Wedbush Securities analyst Dan Ives said the persistent gap between Musk's offer price and Twitter's stock price indicates that most investors still believe the billionaire will walk away from the deal unless the company agrees to a lower price. Twitter's board has so far insisted it won't ...
The valuation of Elon Musk's SpaceX crossed $100 billion following a secondary share sale by insiders announced this week, CNBC has learned. SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from company insiders at $560 a share, according to peop...