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Tesla Employees assembling Model 3 vehicles at Tesla’s Fremont factory on the GA3 line were sent home early from shifts this week, three Tesla employees told Business Insider. One factory worker said the GA3 line, which is the main assembly line for Model 3 production, was sent home early on Wednesday without meeting goals. The worker said […]
Max Whittaker / Getty Images Elon Musk tweeted late Monday that he was “excited to work with Silver Lake and Goldman Sachs” in his plan to take Tesla private. Goldman Sachs’ analyst is one of the most bearish Tesla analysts on Wall Street, with a “sell” rating and $ 210 price target — 40% below […]
Elon Musk said via Twitter Monday evening that he was working on a proposal with Goldman Sachs and Silver Lake as financial advisors to take Tesla private. In a statement on Monday, Musk also shared more details about who might fund a deal to take Tesla private. Musk said in the statement that a meeting with […]
Rebecca Cook / Reuters Tesla CEO Elon Musk released a statement on Monday in which he shed light on some of the questions raised last week by his statements about taking the company private. But Musk’s explanation is incomplete and raises new questions, experts say. Musk’s new statement doesn’t back up his claim last week […]
Reuters/Osman Orsal Here is what you need to know. Turkey’s central bank promises ‘all necessary measures’ to save its financial system. “The Central Bank will closely monitor the market depth and price formations, and take all necessary measures to maintain financial stability, if deemed necessary,” the Central Bank of the Republic of Turkey said Monday. The Turkish […]
Tesla Tesla’s Model 3 is an attractive option for anyone considering a new car. It comes in seven beautiful colors, seats up to five people, and, of course, is environmentally friendly and fully electric, with the ability to get up to 310 miles on a single charge. That also means a quieter driving experience, and […]
Kiichiro Sato/AP Elon Musk’s plan to take Tesla private has generated a lot of buzz, and it has been met with a lot of skepticism. But there are several reasons why he might actually be able to pull off the deal. He’s got a few things going for him, including a market with mountains of […]
Mark Brake/Getty Images Tesla laid out an unprecedented plan to go private at $ 420 per share on Wednesday, sending Wall Street into a flurry. Shares skyrocketed more than 10% following the announcement, which came as a cryptic tweet. When it comes to the specifics of the potential news, Wall Street has more questions than answers […]
Tesla Tesla asked suppliers for a refund in order to help it become profitable, the Wall Street Journal reported Sunday. Shares fell more than 4% after the report. Follow Tesla’s stock price in real-time here. Tesla has asked some of its suppliers for refunds in order to help it reach its profitability goal, the Wall […]
Hollis Johnson/Business Insider Former Tesla employee Martin Tripp has filed a whistleblower tip with the Securities and Exchange Commission in which he alleges the company lied about Model 3 production numbers and put unsafe batteries in its cars, The Washington Post reports. Tesla did not immediately respond to a request for comment, but the company […]
