Shares of Tesla closed down 9% Thursday, a day after the electric automaker released third-quarter results that missed on top and bottom lines. Tesla reported revenue of $23.35 billion and earnings of 66 cents per share, adjusted, both of which fell short of the estimates Wall Street was ...
NEW YORK, Aug. 7 (Xinhua) -- Shares of Tesla surged nearly 11 percent on Tuesday after its CEO Elon Musk surprised the market by announcing plans to take the company private at 420 U.S. dollars per share. Musk broke the news in a series of tweets around mid-day session on Tuesday. ...
McCormick wrote that many of the directors on Tesla's board, including current members Kimbal Musk, Elon Musk's brother, and James Murdoch, son of media tycoon Rupert Murdoch, lacked independence because of their close personal ties with the CEO. Two of Tesla's other current directors, Robyn ...
Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration. Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by Preside...
Musk recentlysold more than $5 billionworth of Tesla stock, amounting to about 3% of his stake in the company. About $1.1 billion will go toward paying tax obligations for stock options granted to the entrepreneur in September. After the transactions, Musk still owns about 167 million Tesla ...
Amid an overall market decline, Twitter's share price and the price of Tesla's stock dropped after that. By July 8, Musk told Twitter he was terminating the deal. He accused Twitter of failing to give him all the information he needed to go ahead with the acquisition, and of unders...
AUSTIN, Texas (AP) — Shares of Tesla rose slightly Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week. The stock closed at $157.67, up less than 1% but still close to its two-year l
Share 7 Tesla hasn't broken out in sales by region or country, but by some estimates, it has sold nearly 2 million cars in China to date. To Elon Musk, that's a huge missed opportunity only because Full Self-Driving isn't permitted for complete use in that country. And even if it...
Musk owns about 17% of the 1 billion outstanding Tesla shares. If he sold 10% of his holdings at their current price of around $1,170 per share, it would net him around $20 billion. Tesla's stock price fell $49.59, or 4.1%, to $1,172.50 a share after the market opened. Much ...
Share Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal. The likely unra...