Tesla’s CEO, Elon Musk tweeted, “If Tesla committed delivery & customer made good faith efforts to receive before year end, Tesla will cover the tax credit difference.” Luxury carmaker Tesla Inc has stated, it will reimburse customers if delays to car deliveries have caused them to miss out on a significant tax credit. In 2017,…
Bank of America Merrill Lynch is said to be leading the deal according to sources. According to sources familiar with the matter at hand, Space Exploration Technologies Corp, also known as SpaceX, is looking to add $750 million in leveraged loans. Bank of America Merrill Lynch is leading the deal. A lenders presentation will be…
The ‘Summon’ feature, part of Tesla’s driver-assist Self-Pilot system, is currently limited to only the Model S cars. On Thursday, Tesla’s Inc’s Chief Executive Elon Musk stated, an upgrade to Tesla’s ‘Summon’ auto-parking feature will be ready within six weeks; following the upgrade select models will be able to drive around a parking lot, find…
Known for his aggressive management style, Elon Musk is pushing hard to become the first internet-based service provider – a move that could make a huge splash in the U.S. and global broadband market. According to two employees of SpaceX with direct knowledge of the matter at hand, Elon Musk, SpaceX’s Chief Executive Officer, known…
Although Elon Musk, Tesla’s visionary CEO has claimed to be the “Nothing of Tesla”, the company’s investor page has him as the CEO. Elon Musk, Tesla’s visionary Chief Executive Officer took to Twitter on Monday, saying he has deleted his titles from the company, without giving further details. “Deleted my Tesla titles last week to…
The general consensus among analysts is that Tesla will need more capital in the near future. One of Tesla’s top shareholders, Baillie Gifford & Co, has stated, it is willing to invest more into the electric carmaker. “If he (Tesla CEO Elon Musk) needs more capital we would be willing to back him,” said Nick…
With wider margins, a rise in net profits, and a positive cash flow, Elon Musk has delivered on his promise. Here’s the low down on how Tesla’s Chief Financial Officer Deepak Ahuja and Musk managed Tesla’s operations in a capital efficient manner. In a significant development, Tesla’s Chief Executive Elon Musk delivered on his…
Although Tesla’s critics have focused on Elon Musk’s behavior, the numbers coming out of Tesla are pretty compelling. In an interesting turn of events, long-time Tesla short seller and critic Citron Research, in its research note stated it is betting that the electric automaker’s stock will rise. With the news reaching the market, Tesla Inc’s…
Short sellers and investors who have attacked the company have been cited as one of the reasons why Musk launched his take Tesla private bid. In a significant development, Tesla Inc’s CEO Elon Musk has stated, he would listen to shareholder’s concerns and will no longer pursue his $72 billion bid to take the company…
What many thought to be a joke is turning out to be anything but. While analysts are concerned about Tesla’s ability to pull off what is slated to be the largest buyout in in history, many backers, including mutual fund Fidelity believe in Musk’s ability and vision of the future. Following Tesla Inc’s CEO Elon…
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