Business

Tesla shares rise after Musk's $5 billion stock sale

(Reuters) – Tesla shares rose in U.S. premarket trading on Thursday, even after overnight filings showed chief executive and top holder Elon Musk had sold about $5 billion of the stock over recent days.FILE PHOTO: A Tesla logo is seen at the Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly SongThe electric-car maker’s […]

Business

Tesla's Musk sells some shares of EV maker, filings show

FILE PHOTO: SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi/File Photo(Reuters) – Tesla Inc Chief Executive Officer Elon Musk disclosed in a filing on Wednesday that he had sold shares of the electric-car maker. Musk […]

Business

Tesla is on track to report its first annual profit, but its growth may be slowing.

Tesla on Wednesday is expected to report a profit for the fifth consecutive quarter, putting it on track to report its only annual profit since its founding in 2003. But the company will also face questions about whether the strong sales growth it has enjoyed over the last few years is tapering off. Analysts believe […]

Business

Tesla volatile as investors eye potential S&P 500 entry

(Reuters) – Tesla (TSLA.O) shares extended their recent rally on Wednesday ahead of a quarterly report from the electric car maker that might clear the way for it to join the S&P 500 and attract over $40 billion in new demand for the stock. Investors watching the company’s quarterly report after the bell will be […]

Business

Tesla signs three-year pricing deal with battery cell maker Panasonic

(Reuters) – Tesla Inc (TSLA.O) has signed a three-year pricing deal with Japan’s Panasonic Corp (6752.T) relating to the manufacture and supply of lithium-ion battery cells at the Gigafactory in Nevada, the electric carmaker disclosed in a filing on Tuesday. Tesla and Panasonic have been reported to be in talks to expand the battery joint […]

Business

Proxy adviser ISS opposes re-election of Tesla chairwoman

(Reuters) – Proxy adviser Institutional Shareholder Services Inc (ISS) on Monday urged Tesla Inc (TSLA.O) shareholders to vote against the re-election of chairwoman Robyn Denholm at the electric carmaker’s annual meeting next month. The firm expressed concerns over Denholm’s leadership, citing consecutive years of high compensation for directors, without a reasonable rationale, and a steep […]

Business

California should do whatever's needed to help Tesla reopen car factory: Mnuchin

(Reuters) – California should do whatever is necessary to help electric carmaker Tesla Inc (TSLA.O) reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday. Health officials in Alameda County, where the factory is based in Fremont, said on Friday it must remain closed as long as local lockdown measures to […]