Tesla's CEO, who has called for an end to EV subsidies, declined to weigh on Trump's plans to reverse the Biden EV "mandate."
T ech billionaire Elon Musk has been a public figure for decades, but has enjoyed an outsized profile in recent years, not a little of which is down to his decision to acquire Twi
The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.
Banks are preparing to sell off debt used to help Elon Musk purchase X as the tech tycoon tells employees the company is “barely breaking even.” According to reporting from The Wall Street Journal, bankers at Morgan Stanley are planning to offload roughly $3bn in debt during a sale next week and are already contacting investors.
Wall Street banks, led by Morgan Stanley, are preparing to sell up to $3 billion in debt tied to Elon Musks social media platform X, previously known as Twitter. Sources revealed that Morgan Stanley bankers have
Diameter Capital Partners and Darsana Capital Partners were among firms that snapped up a major chunk of $1 billion of debt tied to Elon Musk’s buyout of X, according to people with knowledge of the matter.
According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and underwhelming revenue
The Wall Street Journal reports that banks are planning to sell part of the $13 billion in debt they gave Musk to buy Twitter.
Despite falling 4.51% over the last five days, Elon Musk's Tesla has surged 108.50% over last year, making it over 4x expensive than peers.
In an e-mail to X employees, quoted by The Wall Street Journal, Elon Musk has said that the social network is facing serious revenue problems and stagnant user growth. Musk admitted: “Our user growth is stagnant,
Morgan Stanley, Bank of America, Barclays, X and Elon Musk did not immediately respond to requests for additional comment. Banks typically sell such loans to investors soon after a deal is done ...