Elon Musk has scrapped his plan to take Tesla private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet.
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Tesla CEO Elon Musk, responding to Uber Technologies board member Arianna Huffington urging him to change the way he works, ruled out taking a different approach.
Elon Musk said no one saw or reviewed his tweet about the plan to take Tesla private before he posted it, The New York Times reported, citing an interview in which the billionaire frequently teared up.
When the call came, Robert Wickel wasted little time. The subject? Reservations for Porsche’s all-electric Taycan were coming, even though the vehicle wouldn’t enter production until next year.
Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to a person with direct knowledge of the fund’s plans.
Two days after Elon Musk vowed on Twitter that he had “funding secured” for a spectacular $82-billion deal to take Tesla private, he has offered no evidence to back up the statement
The wild tweet hit Wall Street at precisely 12:48pm on Tuesday – and things just keep getting wilder. Seemingly out of the blue, Elon Musk proclaimed that he might pull his money-losing Tesla off the market.
Elon Musk said he’s considering taking Tesla private in a radical step that would ease pressure on the money-losing car maker.
Elon Musk may have been on to something when he said Tesla was becoming a real car company. Just as importantly for investors, he’s acting more like a real CEO.
Early in Warren Buffett’s life, his father failed to get hired at the family grocery store during the Great Depression. Without a job, and without any money after a run on the banks, the family of four ran up a tab