Musk, Elon – Page 49

Tesla Shares Tumble As Growth Stalls

Shares in Elon Musk’s electric vehicle maker fell sharply after the company delivered lackluster quarterly results and declined to give full-year guidance.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

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Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt

Quarterly earnings soared from a year earlier after the company booked a tax benefit, but increased competition and a price war took a toll, the electric-car maker said.

By Jack Ewing

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Musk Demands Bigger Stake in Tesla as Price for A.I. Work

Elon Musk, the electric car company’s chief executive, said he would “build products outside of Tesla” unless the board raises his stake to 25 percent.

By Jack Ewing

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Hertz Will Sell Electric Cars After Being Burned by Tesla’s Price Cuts

The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its decision to sell 20,000 cars.

By Jack Ewing

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