SolarCity

One of the world’s most well-known CEOs, Elon Reeve Musk was born June 28, 1971, in South Africa and is celebrating his 52nd birthday in 2023. Known for his use of memes on social media, including mentions of popular jokes involving 69 and 4/20, it might come as a surprise that with...

Electric vehicle giant Tesla Inc (NASDAQ: TSLA) is known by many for its vehicles and leader Elon Musk. Others know the company’s ambitions in solar energy, energy storage and creating humanoid robots. One of these efforts is getting a major scaling back according to reports. What Happened:...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has clinched a legal victory over a shareholder lawsuit related to the SolarCity Corp takeover, The Wall Street Journal reported on Wednesday, citing a court ruling. What Happened: A Delaware court judge...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk spent the last two days in court defending Tesla's $2.6 billion acquisition of SolarCity in 2016. Kelly Evans, host of CNBC's "The Exchange," asked Laffer Tengler Investments' Nancy Tengler what she thought about Tesla stock on...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk said that he “rather hates” being the boss of the electric vehicle maker and would prefer to spend his time on design and engineering, according to a report by the Wall Street Journal. What Happened: Musk made the comments during his first day of...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk will testify about the electric vehicle maker’s $2.6 billion acquisition of solar panel company SolarCity in a shareholder lawsuit on Monday, the Associated Press reported. What Happened: The lawsuit alleges that the acquisition failed to deliver the...

One of the world’s most well-known CEOs, Elon Reeve Musk was born June 28, 1971, in South Africa and is celebrating his 50th birthday in 2021. Known for his use of memes on social media including mentions of popular jokes involving 69 and 4/20, it might come as a surprise that with...

Tesla Inc (NASDAQ: TSLA) has been sued by a customer over allegations it misreported a Power Purchase Agreement (PPA) as a loan the latter had undertaken, Bloomberg reported Thursday. What Happened: Olivier Chaine, in 2017, had Tesla subsidiary SolarCity install rooftop solar panels at...

Nearly 17 years. Tesla Inc (NASDAQ: TSLA) was founded in July 2003 and didn’t strike a $100 billion market cap until Jan. 22, 2020. Within a month of marking that milestone, momentum carried its value up 66%. Where Tesla Began Tesla was launched on seed funding from Elon Musk, who contributed...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Friday lashed out at Greenlight Capital hedge fund manager and long-time Tesla short seller David Einhorn. Musk’s Letter In an open letter to Einhorn, Musk alleges Einhorn made “numerous false allegations” concerning Tesla in...

Shares of Tesla Inc (NASDAQ: TSLA) were trading lower Tuesday after more details of a 2016 lawsuit were made public. What Happened Legal transparency advocate PlainSite made public an opening brief in which Tesla shareholders argued the company's $2.6-billion acquisition of solar panel...

Walmart Inc (NYSE: WMT) is demanding Tesla Inc (NASDAQ: TSLA) pay for damages caused at seven stores and remove solar panels from hundreds of other retail locations. What Happened Tesla's solar panel business was born out of the 2016 acquisition of SolarCity. Tesla has installed solar panels at...

Electric carmaker Tesla Inc (NASDAQ: TSLA) announced a sales initiative Monday to boost its home solar panel business, which was born out of the 2016 acquisition of its cousin company SolarCity. What Happened Tesla introduced a new leasing option where consumers can rent solar panels starting...

A Wednesday filing with the Securities and Exchange Commission revealed Tesla Inc (NASDAQ: TSLA)’s new common offering of about 2.72 million new common shares at the price of $238.69 per share. Management had warned of a potential raise in a Monday 10-Q filing, which cited a halt of SolarCity...

Tesla Inc (NASDAQ: TSLA) plans to increase its weekly Model 3 production rate to 7,000 vehicles by the end of 2019. It’s not an inexpensive goal, but management’s made a capital plan. Coming Up With Cash As it ramps production, Tesla expects cash generated from core operations to cover...