Premarkets: 6 things to know before the open |
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2016-05-19 00:00:00 |
Here are the six things you need to know before the opening bell rings in New York:1.
Last year, Dow Chemical (DOW) and DuPont (DD) announced they would combine to form a new industrial titan worth $130 billion.
Focus on Tesla: Tesla (TSLA) announced Wednesday it is selling $2 billion of its stock to finance the increased production capacity needed to meet the demand for its new Model 3 car.
Concerns over EgyptAir: Market sentiment around the world has turned sour as the search for Egyptair Flight 804 continues.
The company does a lot of business in Egypt and investors worry that travelers will decide to avoid the region. |
TSLA |
{"Alanna Petroff"} |
69 |
Explosion + stock drops by Tesla, SolarCity = $390 million loss |
-12 |
2016-09-01 00:00:00 |
According to FactSet, Musk owns more than 31 million shares, making the billionaire's loss nearly $350 million for the day.
He owns more than 22 million shares of the company, according to FactSet, making his daily loss almost $42 million as of the close.
With a decline of more than 6 percent so far this week, Tesla shares were tracking for their fifth-straight week of declines since their six-week losing streak ended Feb. 12.
One of his rockets blew up, and he suffered a paper loss of about $390 million as the stock prices of two of his companies sank.
CNBC's Phil LeBeau reports on problems at Tesla and now SpaceX, after a rocket launch failed in spectacular fashion today. |
TSLA |
{"Marty Steinberg","Evelyn Cheng","Robert Ferris"} |
53 |
Lawyers Burnish Tesla’s Deal for SolarCity |
-17 |
2016-09-03 00:00:00 |
Advertisement Continue reading the main storyNot only did the SolarCity lawyers focus the decision-making on the special committee, they even negotiated for bells and whistles.
The Tesla lawyers also tried to highly script the process through multiple meetings.
And there was vigorous negotiation of the deal price — at least on paper.
But one could also see how Mr. Musk might be a bit headstrong about being excluded.
Now it’s up to Tesla’s shareholders, because in spite of the pretty process, SolarCity does not have anywhere else to go. |
TSLA |
{"Steven Davidoff Solomon","Deal Professor"} |
54 |
Tesla Falls After Cash Needs Exposed by SolarCity Merger Filing |
-12 |
2016-09-01 00:00:00 |
‘Material Issue’The preliminary proxy for the all-stock SolarCity acquisition showed the cash burn that Tesla would have to manage.
It earlier dropped as much as 5.4 percent, the biggest intraday drop since the 11 percent plunge on June 22, the first trading day after the SolarCity acquisition announcement.
Wednesday’s filing showed that there were no other bidders with a real offer and that the SolarCity is having trouble raising cash.
“We were offered SolarCity bonds and passed and we’ve sold 40 percent of our Tesla holdings in recent months.
If the proposed combination falls apart, SolarCity, with $3.35 billion in debt, may struggle to survive. |
TSLA |
{"David Welch Dana Hull","Dana Hull","David Welch"} |
55 |
Tesla, Domingo, Schlumberger: Intellectual Property |
-8 |
2014-06-13 00:00:00 |
Chinese Wine Trade Group Registers ‘Estate Wine’ TrademarkA Chinese wine-industry trade group registered “Estate Wine” as a Chinese trademark, the Decanter trade publication reported.
The Chinese company is asking for $16 million in compensation, according to the news website.
Domingo said many mistakenly think that copyright is less important in the digital world than in the material world, Music Week reported.
The singer was speaking at the International IP Enforcement Summit meeting in London this week, according to Music Week.
CopyrightPlacido Domingo Asks for Stronger European Copyright LegislationPlacido Domingo, the opera star who heads the International Federation of the Phonographic Industry, urged European lawmakers to strengthen copyright laws, the trade journal Music Week reported. |
TSLA |
{"Victoria Slind-flor"} |
958 |
Elon Musk vs. the Trolls |
-28 |
2016-11-22 00:00:00 |
During the lobbying fight, a website called Who Is Elon Musk?
On Sept. 2 the conservative web magazine the Federalist published an article titled “Elon Musk Continues to Blow Up Taxpayer Money With Falcon 9.” The author was identified as Shepard Stewart.
Two days earlier, the Stewart byline appeared on a piece on the Libertarian Republic website called “Here’s How Elon Musk Stole $5 Billion in Taxpayer Dollars.” Two days before that, the Liberty Conservative site carried a Stewart article headlined “Elon Musk: Faux Free Marketeer and National Disgrace.”Funny thing, though: Shepard Stewart isn’t a real person.
A similar website called Stop Elon From Failing Again lists its sponsor as a conservative advocacy group called Citizens for the Republic.
“People tell me I shouldn’t talk about the fake rockets,” he says, “because it makes me sound crazy.”The bottom line: Elon Musk attracts a wide array of real and fake online antagonists criticizing his work on electric cars, rockets, and solar panels. |
TSLA |
{"Paul Barrett","More Stories Paul Barrett"} |
1042 |
Tesla's bid to buy SolarCity is approved by shareholders, but challenges remain |
-7 |
2016-11-17 00:00:00 |
“Ironically, if all incentives and subsidies were removed from Tesla, Tesla’s revenue would increase, not decrease.”
Efraim Levy, an analyst with CFRA Research, said Tesla’s challenge will be how to finance the expansion of Musk’s vision.
Tesla and SolarCity shareholders on Thursday overwhelmingly approved Tesla’s acquisition of SolarCity in a stock transaction, valued at about $2 billion, that is designed to create one-stop shopping for homeowners’ power generation, energy storage and electric vehicles.
But the billionaire investor, who is chairman and the largest shareholder in Tesla and SolarCity, brushed concerns aside.
“I don’t think Musk’s vision is dependent on federal policy. |
TSLA |
{"Ivan Penn"} |
1043 |
Tesla bail out SolarCity merger |
-8 |
2016-10-16 00:00:00 |
I don't know if Tesla can call off the SolarCity deal before it's too late.
The Master PlanFor Musk, SolarCity is a critical piece of his Master Plan to accelerate humanity's departure from the fossil-fuels era, debt be damned.
But they haven't come anywhere near what Tesla will be coughing up for the right to inhale SolarCity.
It's market cap is worth less than its debt, and Tesla is paying a half a billion premium to assume those liabilities.
But where Tesla and SpaceX are concerned, now isn't the time for the art of the possible. |
TSLA |
{"Matthew Debord"} |
1256 |
Tesla Sues Ex-Autopilot Director, Alleging Stolen Secrets |
-8 |
2017-01-26 00:00:00 |
The electric-car maker seeks a court order barring Anderson, Urmson and Aurora Innovation from recruiting Tesla employees and contractors for one year after Anderson’s termination date.
The case is Tesla Motors Inc. v. Anderson, 17CV305646, Santa Clara County Superior Court (San Jose, California).
Sterling Anderson started working last summer on the new autonomous-car venture, Aurora Innovation LLC, before his departure from the company in December, Tesla alleged Thursday.
Urmson and Anderson both spoke about their former company’s paths toward fully autonomous vehicles at an MIT Technology Review conference in May.
Urmson hails from Carnegie Mellon University and was the public face of Google’s self-driving car project from its early days in 2009. |
TSLA |
{"More Stories Mark Bergen","More Stories Dana Hull","Dana Hull","Mark Bergen"} |
1257 |