Tesla chief Elon Musk and the SEC asked for a second delay and requested to provide the court another joint submission indicating whether they have reached an agreement over Musk's Twitter use on or before April 30.
The SEC in February sought to have Musk found in contempt of a fraud settlement last year after the CEO tweeted details about Tesla production numbers that were not vetted by the electric vehicle company's attorneys. Instead, U.S. District Court Judge Alison Nathan in Manhattan ordered Musk and the SEC to try to resolve the dispute on their own.
April 25- A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3 s and higher margin electric cars on time, Wall Street analysts said on Thursday. Seven Wall Street brokerages asked by Reuters said they expected Musk to tap investors for between $1 billion and...
Craig Irwin, senior research analyst at Roth Capital, and Tim Higgins, an auto reporter for the Wall Street Journal, join "Squawk Box" to discuss Tesla's earnings as well as CEO Elon Musk's ongoing court dispute with the U.S. Securities and Exchange Commission.
Tesla's first-quarter loss was "catastrophic" and the board should hold CEO Elon Musk responsible, says management expert Jeffrey Sonnenfeld.
The deadline for Tesla's Elon Musk's contempt of court dispute to be resolved is today, but there's a chance it could be extended yet again. Jeff Sonnenfeld from the Yale School of Management, joins "Squawk Box" to discuss the battle. CNBC's Phil LeBeau also joins the conversation.
Tesla will soon need to raise billions more in capital, Morgan Stanley said on Thursday.
The U.S. firm reported a loss of $702 million on an adjested basis for the first three months of the year.
The deadline for Tesla's Elon Musk's contempt of court dispute to be resolved is today, but there's a chance it could be extended yet again. CNBC's Phil LeBeau reports on the latest on the court dispute as well as recaps the auto company's
TOKYO, April 25- Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle maker, a person familiar with the matter told Reuters on Thursday. Panasonic, currently the exclusive battery cell supplier for Tesla, produces cells for the EV maker at their joint plant in the...
SAN FRANCISCO, April 24- A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing $125 million in an Alphabet Inc spinoff working on the same problem. Also in the competition to fill the coverage gaps are several billionaire entrepreneurs,...
April 24- Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third. On a call following results, Musk also stepped back from an earlier prediction that the company's Shanghai factory, which is currently being...
April 24- Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States. The company, which many analysts predict will need to raise funds for its expansion, said it ended its first quarter with $2.2 billion in...
April 24- Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States. The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future success, stood by its...
When asked during a Wednesday earnings call if Tesla is considering launching an insurance program, Musk says the company is working on one.
April 24- Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cut costs and improved delivery after facing issues ramping up shipments outside the United States. The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future success, stood by its...
The company, which Wall Street suspects may soon have to raise more cash, said it ended the quarter with just $2.2 billion in cash, after paying off a $920 million convertible bond obligation in March. Tesla, however, affirmed its outlook of delivering 360,000 to 400,000 vehicles in 2019 and said it may produce as many as 500,000 vehicles in the year if its...
The company, which Wall Street suspects may soon have to raise more cash, said it ended the quarter with just $2.2 billion in cash, after paying off a $920 million convertible bond obligation in March. Tesla affirmed its outlook of delivering 360,000 to 400,000 vehicles in 2019 and said it may produce as many as 500,000 vehicles in the year if its Gigafactory in...
Executives braced investors for another loss in the second quarter before returning to profitability in the second half of the year.
April 24- Tesla Inc Chief Executive Officer Elon Musk said on Wednesday he was considering building a factory in Germany, responding to a user's suggestion https://twitter.com/elonmusk/status/1121114038446858241 on Twitter.
Jim Cramer says the barrage of IPOs flooding the market are looking frothy, adding that it could be a sign of irrational exuberance.
Jim Cramer says Chipotle CEO Brian Niccol gave a blueprint on how to succeed in retail in the company's earnings call Wednesday.
Jim Cramer zips through his responses to callers' favorite stock picks in the lightning round.
Tesla chief Elon Musk and the SEC asked for a second delay and requested to provide the court another joint submission indicating whether they have reached an agreement over Musk's Twitter use on or before April 30.
Ford is currently testing autonomous vehicles in Miami and Washington, D.C.
The turnaround at Ford Motor is finally starting to take hold — but there is still a lot of work ahead, says CFO Bob Shanks.
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