Elon Musk borrowed $1 billion from SpaceX in October, about the same time as he was buying social media site Twitter. Musk repaid the loan with interest in November, and it’s not clear exactly why he took the loan, The Wall Street Journal reported late Tuesday, citing documents it had reviewed. Musk has long had arrangements to borrow money against the collateral of shares in the company he owns–the most valuable being electric car company Tesla (ticker: TSLA), which is also the basis of most of the billionaire’s wealth...
Continue ReadingThe arrival of fully autonomous driving could transform Tesla's business and investor portfolios for the better...
Continue Reading(Bloomberg) -- Indonesia doesn’t expect Tesla Inc. to invest in the country anytime soon, after coordinating minister Luhut Panjaitan met with Elon Musk last month.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-to-Office Is a $1.3 Trillion Problem Few Have Figured OutSoaring US Dollar Raises Alarm as China, Japan Escalate...
Continue ReadingVinFast Auto Stock aims to compete with established automakers in the electric vehicle market. Learn what makes VFS a risky investment...
Continue ReadingFord wants to dethrone the leading EV pickup truck maker Rivian and stay ahead of Tesla, which is about to deliver Cybertruck...
Continue ReadingThe world’s richest man has more than once drummed up cash from his empire of companies without having to permanently part with shares...
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Continue ReadingThe major indexes held up OK amid rising Treasury yields, thanks to Tesla and Microsoft. But most stocks retreated...
Continue ReadingTesla was the best-performing stock in the S&P 500 after the electric vehicle maker boosted sales of vehicles made at its Shanghai plant last month on price cuts and increased production...
Continue ReadingShares of Tesla (NASDAQ: TSLA) gained 4.7% Tuesday on a report showing strong China sales for the electric vehicle (EV) maker in August. Additionally, The Wall Street Journal reported Monday that Tesla was well-positioned to win federal grant money for building out its charging network, opening up another revenue stream for the EV leader. According to the China Passenger Car Association, Tesla sold 84,159 China-made EVs last month, up 9.3% from a year ago...
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