Twitter, Inc. announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company, a statement said. Under the terms of the agreement, Twitter stockholders…
Elon Musk led rocket company SpaceX has raised over $337.4 million in equity financing, according to the Reuters report. The startup had raised about $1.16 billion in equity financing in April. Backed by Alphabet Inc and Fidelity Investments, SpaceX hit $100 billion in valuation following a secondary share sale in October, according to CNBC. The…
Tesla India has appointed Chithra Thomas as Country HR Leader. Chithra has earlier worked at Walmart and Reliance Retail. Prior to this, Chithra was the Vice President and Head of HR- Reliance Online Initiative( AJIO), where she brought on board in a leadership role as the first employee to set up the e-Commerce B2B/B2C and…
Billionaire Elon Musk’s SpaceX has raised about $1.16 billion in equity funding over the last two months, the private rocket company said in an amended regulatory filing on Wednesday, Reuters reports. The filing comes after SpaceX, whose investors include Alphabet Inc. and Fidelity Investments, in February disclosed that it raised about $850 million, which had…
American electric-automobile manufacturer Tesla Inc will come to India early next year, country’s transport minister Nitin Gadkari told national daily the Indian Express on Monday. The electric-car maker will start with sales and then might look at assembly and manufacturing based on the response, the minister told the newspaper. “India is going to become a…
Elon Musk has become controversy’s favorite child. The serial-entrepreneur has been in news during the coronavirus pandemic for many reasons, starting from calling Tesla’s stock price “very high” to taking American astronauts into space on a Falcon rocket. But this time, things have turned worse for the founder of Tesla Inc. Days after Musk defied…
Tesla Inc., a San-Francisco-based manufacturer of electric cars, announced it has appointed Hiromichi Mizuno to serve on the board and its audit committee. Prior to this role, Mizuno worked as executive managing director and chief investment officer of Japan’s Government Pension Investment Fund (GPIF), which manages $1.5 trillion in assets. Mizuno placed emphasis on “environmental…
The novel coronavirus outbreak has put brakes on the global economy. The once highly interconnected world has now imposed travel bans and countries have gone into a lockdown. Businesses are closed and employees are now asked to work from home. But the remote working concept is only limited to certain kinds of jobs. The manufacturing…
As the world battles with the coronavirus pandemic, several business leaders and organizations have come in support of the governments to help them combat the deadly virus effectively. Companies across the globe have pledged funds to government relief funds and are contributing in whichever manner possible for a faster containment of the virus. Extending support…
In a casual conversational tone, Tesla’s Anti-handbook Handbook teaches business leaders and HR professionals how to be more engaging with the employees and how can an organization drive its HR policy. Only a few companies in the world have gained so much attraction and adoration as Tesla. The automotive company has a long reputation for…
If someday, someone gives you $9k to spend it the way you want to, will it improve your happiness? For some people, it might, but we can’t be sure of everyone. That’s what a Japanese Billionaire is trying to find out. Japanese fashion tycoon Yusaku Maezawa will give away more than $9mn to 1,000 people…
Tesla Inc. has named Robyn Denholm as chair of its board, replacing its founder Elon Musk, who agreed to step down from the post as part of a settlement with U.S. Securities and Exchange Commission. Earlier, The Securities and Exchange Commission (SEC) filed a suit in New York accusing Musk of fraud, alleging his fake tweets about the electric…
Tesla Inc., is facing the exit of its two senior executives. The news of exit of these executives comes while we have been seeing the video of Elon Musk smoking marijuana during an interview. The interview was streamed live online. As per Bloomberg reports, Tesla’s Chief People Officer, Gaby Toledano, who had joined in May 2017…
Tesla and Elon Musk both have agreed to pay $20 million to financial regulators each and the billionaire will step down from the chair of Tesla for three years after reaching a deal with the US financial regulator over tweets he made about taking the firm into private ownership. Under the settlement, Musk would remain as…