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Tesla plans to sell $1.7 billion in new stock to fund Model 3
May 19, 2016 by publisher · Leave a Comment
By Paul Lienert and Alexandria Sage DETROIT/SAN FRANCISCO (Reuters) – Tesla Motors Inc will offer up to $1.7 billion of new common stock to finance the accelerated launch of its new Model 3 electric sedan, the electric luxury car maker said on Wednesday. Tesla shares fell 2.2 percent following the announcement, which came after the market closed. Tesla, which has posted operating losses since its initial public offering in June, 2010, said in a prospectus it expected to sell as many as 8.2 million shares at a price of $204.66 a share.
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Tesla plans to sell $1.7 billion in new stock to fund Model 3
alexandria
Wanted: Manufacturing whizzes to work on Tesla’s Model 3
May 8, 2016 by elegant · Leave a Comment
By Alexandria Sage SAN FRANCISCO (Reuters) – Technology entrepreneur Elon Musk gave a public shout-out to the sharpest minds in manufacturing this week, calling on them to come help Tesla Motors Inc build a million all-electric cars a year by 2020. Musk says he is “hell-bent” on making the Silicon Valley automotive upstart a manufacturing powerhouse, but his vision relies on finding veteran auto engineers to ramp up volume ten-fold in four …
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Wanted: Manufacturing whizzes to work on Tesla’s Model 3
alexandria
VW forges U.S. deal arising from diesel emissions scandal
April 21, 2016 by creative · Leave a Comment
By Alexandria Sage and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) – Volkswagen AG, driving to move beyond a scandal that has disrupted its global business and sullied its reputation, announced a sweeping…
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VW forges U.S. deal arising from diesel emissions scandal
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U.S. judge sets April 21 deadline for VW diesel fix
March 24, 2016 by admin · Leave a Comment
By Alexandria Sage SAN FRANCISCO (Reuters) – A federal judge on Thursday gave Volkswagen AG and U.S. regulators until April 21 to agree on a fix for the nearly 600,000 diesel vehicles on U.S. roadways caught up in VW's massive emissions cheating scandal. U.S. District Judge Charles Breyer had earlier set a March 24 deadline for Europe's biggest automaker to explain where it stood on remediation efforts, after months of talks with the …
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U.S. judge sets April 21 deadline for VW diesel fix