Teslas stock is currently trading at around $230. On this day last year, investors thought shares could soar to $420 or more, based on a puzzling tweet from CEO Elon Musk. The out-of-nowhere suggestions of a buyoutat a hefty premium to the $360 share price a…
Read More
Month: August 2019
Greenlight Capital (GLRE) Q2 2019 Earnings Call Transcript
Image source: The Motley Fool. Greenlight Capital (NASDAQ:GLRE)Q2 2019 Earnings CallAug 06, 2019, 9:00 a.m. ET Contents: Prepared RemarksQuestions and AnswersCall Participants Prepared Remarks: Operator Thank you for …
Read More
Elon Musk’s infamous tweet declaring he had ‘funding secured’ at $420 per share to take Tesla private was sent one year ago today. Here’s what Tesla’s faced in the year since. (TSLA)
On August 13, almost a week after the surprising announcement, Musk finally laid out the “secured” funding source: Saudi Arabia. The kingdom’s sovereign wealth fund had been interested in a Tesla stake “going back two years,” Musk said in another blog post…
Read More
A woman in Arizona stole a Tesla, but it ran out of battery as she tried to make her escape (TSLA)
A woman in Arizona stole a Tesla vehicle on Sunday, but was caught after it ran out of battery, the Payson Roundup reported. The publication did not specify which model the woman took. Local authorities were reportedly unable to stop the vehicle using spik…
Read More
Will Brooklyn’s New Autonomous Cars ‘Turn Us Back To The 1950s’?
Nearly two years ago, while celebrating the seemingly imminent arrival of General Motors’ self-driving cars in Lower Manhattan, Governor Andrew Cuomo declared New York “the hub of autonomous vehicle innovation in the nation.” That title may have been a bit pr…
Read More