By Russell Brandom | The Verge | 1 week 1 day ago | Tech
This week, Elon Musk shocked markets with an unexpected plan to take Tesla private, removing all shares from public markets at an estimated cost of at least $50 billion . But while Musk claimed that funding for the move had already been secured, unnamed sources in a recent Bloomberg report say Tesla is still working to line up financial support from a variety of different sources. According...
By | Reuters | 1 week 23 hours ago | Tech
Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the electric car company private.