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The SEC received a notification from the founder and CEO of Tesla, Elon Musk, that he had acquired a Tesla stake of 10 million dollars, CNBC reported. Taking into account the shares acquired earlier by Musk in the amount of $25 million, 9 million 850 thousand dollars and 25 million dollars, the founder of Tesla became its largest shareholder with a share of 19.8%. As previously reported, the SEC has promised to drop Mask's charges of securities fraud if he additionally buys Tesla shares for $20 million and leaves the post of chairman of the company's board. According to Bloomberg, Musk is going to buy shares worth $20 million after November 4. Tesla's quarterly report on profits and revenue growth exceeded market forecasts, which contributed to the growth of the price of company's securities by 31%.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
On Monday, Tesla Inc.’s shares (TSLA.O) rose by 13% to an all-time intraday high of $1,342 per share. Some analysts said that the electric car maker's shares could surge another 24% this year. JMP Securities (JMP) boosted its price target ...
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