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Tesla, the American manufacturer of electric cars, paid $920 million in convertible bonds to investors on the first day of spring, The Wall Street Journal writes, citing a company representative. Taking into account the data published at the end of 2018 that Tesla's financial reserves amounted to about $3,700 million, the magazine concludes that the payment to investors made up about a quarter of the company's financial resources and became the largest in its history. As previously reported, to reduce costs, the company closes its stores and switches to online car sales. The head of Tesla Elon Musk announced the official presentation of the Model Y crossover with an electric motor scheduled for March 14. It is expected that the representatives of the company will start accepting pre-orders for this electric car immediately after the presentation.
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 ...
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 ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
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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