Tesla to cut workforce by 7 percent

Tesla shares fall after company missed delivery estimates Point View Wealth Management President David Dietze discusses why he isn’t bullish on Tesla and where investors should allocate their capital. Tesla is swinging the job axe in an attempt to trim costs. Continue Reading Below The electric automaker is cutting several thousand  jobs, while it ramps up the production of its […]

Read more

Tesla shares drop as deliveries miss estimates

Model 3 the key to Tesla’s future? Wedbush Securities Managing Director Daniel Ives on the outlook for Tesla and Apple in 2019. U.S. electric automaker Tesla announced on Wednesday that fourth-quarter deliveries fell short of expectations, at 90,700 vehicles, causing shares to fall during the early hours of the trading session. Continue Reading Below Ticker Security Last Change %Chg TSLA TESLA […]

Read more

Tesla names close Musk friend Larry Ellison to board

(Reuters) – Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. The move is meant to usher Tesla past months of turbulence following Musk’s Aug. 7 tweet […]

Read more

Tesla Names Larry Ellison and Kathleen Wilson-Thompson to Its Board

Tesla added Larry Ellison, executive chairman and founder of the software giant Oracle, and a senior executive at Walgreens Boots Alliance to its board of directors, fulfilling a key provision of a settlement with the Securities and Exchange Commission. The board added Mr. Ellison, who bought three million shares of Tesla stock earlier this year, and Kathleen Wilson-Thompson, who is […]

Read more

Tesla sets up Shanghai financial leasing unit as China plans accelerate

Tesla has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. electric car maker is attempting to speed up its push into China. Chief Executive Elon Musk, has opened a wholly owned financial leasing unit in Shanghai’s free trade zone with registered capital of $30 million, according to China’s National […]

Read more
1 2 3 22