Tesla shares drop after Elon Musk changes tack over plans to go private August 27, 2018 Tesla shares have dropped nearly three per cent as investors get to grips with Musk's U-turn over plans to take the company private. Tesla's shares were valued at $314.77 (£244) each, while in Germany they saw a more dramatic five per cent drop. Earlier this month Tesla's chief executive Elon Musk spooked investors when he [...]
Elon Musk: Tesla to remain a public company August 25, 2018 Tesla chief executive Elon Musk said last night that Tesla would remain a public company, despite previously announced plans to take it private. In a blog post on electric car company Tesla’s website Musk wrote: “Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, [...]
Shareholder pleads with Musk to keep Tesla public August 23, 2018 A Tesla shareholder has written an open letter to chief executive Elon Musk in a bid to abandon a deal to take the company private, in which she argues the car firm's value could skyrocket up to $4,000 (£3,121) per share within five years. Catherine Wood, chief executive of ARK Invest which holds shares in [...]
The next generation of tech innovators need to be good citizens, not just good inventors August 23, 2018 The future is what the next generation makes it. No surprise, then, that today’s visionary leaders including Elon Musk, the Massachusetts Institute of Technology (MIT), and Stanford University are exploring how best to arm students with an education fit for innovation. Elon Musk’s Ad Astra super-school is the most recent headline-grabbing initiative of this kind, [...]
Why Elon Musk is far from alone with his stock market dilemma August 23, 2018 Elon Musk, the divisive entrepreneur, has recently made headlines with the following tweet. In a subsequent blog post, Musk made clear his reasons for wanting to take his electric vehicle company, Tesla, away from the stock market. He expressed his frustration at the distraction caused by wild swings in the Tesla share price and perceives [...]
Tesla shares rise as Musk takes a back seat and Morgan Stanley joins the rumoured Tesla adviser list August 21, 2018 Tesla's share price rose as much as five per cent in early trading today after Morgan Stanley hinted at its possible involvement in discussions surrounding a transaction to take the company private. The brokerage today removed its rating and suspended equity coverage on Tesla, signalling a potential move to join Goldman Sachs as an adviser [...]
Tesla short-sellers have the last laugh August 19, 2018 Tesla short-sellers have made a bumper $1.2bn (£940m) paper profit since the car company’s colourful chief executive Elon Musk said he is considering taking the business private. Despite making some initial gains in the immediate aftermath of Musk’s tweet on 7 August, in which he declared that funding for the move had been secured, the [...]
Tesla shares fall as analysts cast doubt on Model 3 profitability August 17, 2018 Tesla's share price slumped as much as eight per cent in trading today, after a note was published this afternoon expressing concern over the fate of its Model 3 sedan. UBS analyst Colin Langan said Tesla's Model 3 will fail to produce better profit margins than a standard BMW sedan due to miscalculations on manufacturing costs. [...]
Gartner Hype Cycle 2017: Artificial intelligence at peak hype, blockchain heads for disillusionment, but say hello to 5G August 17, 2018 The hype around artificial intelligence is at its peak, while those interested in blockchain might be heading for disillusionment. That’s according to Gartner’s annual Hype Cycle, which tracks the progress of emerging technology trends, from early innovation to becoming a household must-have. Deep learning and machine learning are at what it calls the “peak of [...]
Time to face the music: US regulator wants answers over Musk tweet August 17, 2018 Tesla shares fell tonight on reports that the US markets regulator is seeking to question the car giant’s executives over boss Elon Musk’s plan to take the company private. The Securities and Exchange Commission (SEC) has sent subpoenas to Tesla as part of its investigation, Fox News reported. Tesla’s shares dropped four per cent on the [...]