• Exclusive: Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout

    2 monthes ago - By Reuters

    Saudi Arabia's Public Investment Fund has shown no interest so far in financing Tesla Inc CEO Elon Musk's proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said.
    Read more ...

     

  • An Investor Is Suing Elon Musk Over That Tesla Tweet

    2 monthes ago - By Fortune

    Tesla Inc. and Elon Musk were sued by an investor over wild share price swings following the chief executive officer's Aug. 7 tweet saying he was considering taking the company private .
    The complaint alleges violations of U.S. securities law and was filed Friday as a class action in federal court in San Francisco.
    Musk set off a firestorm with the 53-character post on Twitter: "Am considering taking Tesla private at $420. Funding Secured." The stock initially shot up 11 percent to almost $380. Then it fell back, losing about 7 percent over two days, as doubts mounted about the feasibility...
    Read more ...

     

  • Elon Musk sued by investors over proposal to take Tesla private

    Elon Musk sued by investors over proposal to take Tesla private

    2 monthes ago - By New York Post

    Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors by announcing on Twitter that he might take Tesla private...
    Read more ...