Business

Musk sells more shares than he needs to pay current tax bill

Elon Musk is selling more Tesla shares than he needs to pay current tax obligations, and experts say he's either converting part of his fortune from stock to cash, or he's saving for bigger tax bills that will come due next ...

Business

JP Morgan sues Tesla for $162 mn over share warrants

JP Morgan Chase has sued Tesla for $162 million over a stock warrants contract, accusing the company of "flagrantly" ignoring its obligation to pay the investment bank after the electric carmaker's shares soared.

Business

Tesla shares fall after Musk's 'soap opera' Twitter poll

Tesla's share price plunged Monday in the latest controversy sparked by CEO Elon Musk, who was facing criticism for letting his Twitter followers decide whether he should sell billions in company stock.

Business

Musk: I'll sell 10% of Tesla stock based on Twitter poll

Tesla shares closed Monday down nearly 5% after CEO Elon Musk said he would sell 10% of his holdings in the electric car maker—more than $20 billion worth by most calculations—based on the results of a poll he conducted ...

Automotive

Ford, GM profits fall as sales drop due to chip shortage

The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.

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