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Tesla's board may reportedly tell Elon Musk to recuse himself from talks about taking the company private

1 month ago   |   By Business Insider

Chris Pizzello / AP
Tesla 's board of directors may tell CEO Elon Musk to recuse himself as it explores the possibility of taking the company private, CNBC reports, citing people familiar with the matter.
According to the publication, the board plans to meet with financial advisors to determine how it will explore the idea of how to convert Tesla into a private company and has told Musk that he must consult a separate, personal set of advisors.
The board will probably form a smaller, special committee comprised of independent directors to analyze buyout proposals, CNBC reports.
According...
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Do You Know Who's Backing Elon Musk's Bid to Take Tesla Private?

Do You Know Who's Backing Elon Musk's Bid to Take Tesla Private?

1 month ago   |   By Jalopnik

As the internet's most-read auto website among the elite billionaires of the world, I can't believe I've yet to solicit tips from one of our most beloved group of readers on this: Do you know who is backing Elon Musk's bid to take Tesla private? No one seems to have any idea. Do you?
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Tesla is now worth less than it was before Elon Musk's $420 tweet

Tesla is now worth less than it was before Elon Musk's $420 tweet

1 month ago   |   By Business Insider

Scott Olson/Getty Images
Tesla surged more than 10% Tuesday after Elon Musk said he was considering taking the company private.
However a lack of more information and a reported investigation by federal regulators have wiped out the gains.
Follow Tesla's stock price in real-time here.
Shares of Tesla have rolled over and given up their more than 10% gains from Tuesday when CEO Elon Musk tweeted that he was considering taking the company private at $420 share.
The stock declined more than 6% Thursday, falling as low as $346.49. When Musk's cryptic tweet sent shockwaves through markets at...
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SEC reportedly 'intensifying' examination of Tesla after Elon Musk tweets about taking the company private

SEC reportedly 'intensifying' examination of Tesla after Elon Musk tweets about taking the company private

1 month ago   |   By Business Insider

Max Whittaker / Getty Images
The Securities and Exchange Commission is "intensifying" its inquiry into Tesla , Bloomberg reports.
According to the publication, the agency was gathering information about statements Tesla has made regarding sales and manufacturing targets before its most recent inquiry.
The SEC and Tesla declined Business Insider's requests for comment.
The SEC on Wednesday asked Tesla about whether one of CEO Elon Musk 's tweets regarding the possibility of taking the company private was truthful, The Wall Street Journal reported .
The Securities and Exchange Commission is...
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Welcome to Georgia

Welcome to Georgia

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5 US cities hosting big Oktoberfest festivals this September - plus the...

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An Instagram star from Hong Kong is being ridiculed for taking fairy lights...

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Northern Ireland's Hillsborough Castle plans to attract 200,000 tourists

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GNTO says that GCC is now third largest non-European market for Germany

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An Alleged $364 Million Ponzi Scheme Paid for This Massive Supercar Collection

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Watch a True Innovator Drive a Motorized Jet Ski in Florida

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This is a street-legal jet ski modified for landlubbers-a perfect machine, in other words, only lacking a windscreen to keep the driver from being the biggest drag on aerodynamics. Read more ...

Wednesday's Best Deals: PlayStation Classic, $19 Fossil Wallets, Protein...

Wednesday's Best Deals: PlayStation Classic, $19 Fossil Wallets, Protein Powder, and More

$80 Kindle Paperwhites , a massive Gold Standard protein sale , and the best deal we've seen on a weighted blanket lead off Wednesday's best deals from around the web. Read more ...

The 2019 BMW Z4 sDrive30i Brings You A 255-HP Turbocharged Four-Cylinder 

The 2019 BMW Z4 sDrive30i Brings You A 255-HP Turbocharged Four-Cylinder 

Apparently not to be outdone by their sports car partners at Toyota today, BMW dropped a bunch of news about the new Supra's platform-mate the 2019 Z4. We have confirmed power... Read more ...

I heard you kids like the Toyota Supra

I heard you kids like the Toyota Supra

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Sony Just Announced The $100 PlayStation Classic Console

Sony Just Announced The $100 PlayStation Classic Console

If Nintendo can do it , Sony can too: the company just announced the PlayStation Classic, a small retro console that comes bundled with a range of the original console's... Read more ...