Palo Alto Newswire (Page 3)

Palo Alto Newswire (Page 3)

Comprehensive Real-Time News Feed for Palo Alto, CA. (Page 3)

Results 41 - 60 of 144 for "u:washpost.bloomberg.com" in Palo Alto, CA

  1. Elon Musk Nears $1.4 Billion Windfall as Tesla Hits MilestonesRead the original story

    Apr 20, 2017 | The Washington Post

    Only six remaining milestones stand between Tesla Inc.'s Elon Musk and an estimated $1.4 billion windfall for the carmaker's billionaire chief executive officer. Musk, who was awarded 5.27 million stock options in 2012 tied to Tesla operational and market value targets, has achieved six of the 10 operational goals to date, up from five at this time last year, according to a proxy statement filed Thursday.

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  2. Tesla Said to Prepay Solar Bonds, But Not to Musk or RivesRead the original story

    Apr 20, 2017 | The Washington Post

    Tesla Inc. paid off some solar bonds early, except to three key investors -- its chairman and the co-founders of SolarCity, according to a person familiar with the matter. While Tesla repaid $19.7 million, plus $1.2 million in full interest, from three series of bonds to almost 1,500 other investors, Elon Musk, Lyndon Rive and Peter Rive saw their approximately $100 million of bonds converted to private SolarCity debt, according to the person, who wasn't authorized to speak publicly.

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  3. VW Plots Tesla Attack With Line of Four Affordable Electric CarsRead the original story

    Apr 18, 2017 | The Washington Post

    Volkswagen AG's namesake brand is gearing up to take on Tesla Inc. with plans to roll out four affordable electric vehicles in the coming years. The German company has made "huge progress" in reducing production costs of its all-electric vehicles, Christian Senger, head of the VW marque's electric-car project, told reporters Tuesday in Shanghai, where the nameplate is unveiling its first battery-powered crossover.

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  4. Cloudera's $210 Million IPO Is Latest Unprofitable Tech ListingRead the original story

    Apr 17, 2017 | The Washington Post

    Big-data company Cloudera Inc. aims to raise as much as $210 million in an initial public offering that will continue to test investors' appetite for young companies with big losses. The company, which is backed by Intel Corp., is marketing 15 million shares at $12 to $14 each, according to a filing Monday.

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  5. Musk Lays Out Timeline for Tesla Semi Truck, Electric PickupRead the original story w/Photo

    Apr 13, 2017 | The Washington Post

    Tesla Inc. 's plans to pad its lineup of electric vehicles are taking shape, with Elon Musk sketching out a timeline for the arrival of a semi truck, pickup and sports car. After the final unveiling of the Model 3 sedan in July, Tesla will show an electric semi truck in September and a pickup in 18 to 24 months, the chief executive officer wrote in a series of tweets Thursday.

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  6. Tesla Seeks Independent Directors as Board's Musk Ties EyedRead the original story

    Apr 12, 2017 | The Washington Post

    Tesla Inc. said it's searching for independent directors as an influential group of investors pressures the electric-car maker's board to add two members who don't have ties to Elon Musk. Five of Musk's six fellow board members have personal or professional connections to the Tesla chief executive officer, which could jeopardize their independence, the California State Teachers' Retirement System and four other investors wrote in a letter Monday to Tesla's lead independent director.

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  7. Ferrari Shares Beat Tesla as Higher Supercar Output Boost ProfitRead the original story

    Apr 12, 2017 | The Washington Post

    While Tesla Inc. grabbed headlines this week by becoming America's most valuable carmaker, it's Ferrari NV that's been rewarding shareholders the most lately, with a 74 percent surge in the Italian company's stock price over the past year. Ferrari's gain has been driven by earnings that exceeded expectations as Chief Executive Officer Sergio Marchionne increased production of higher-margin, special-edition supercars, like the $2.1 million LaFerrari Aperta convertible.

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  8. Tesla Seeks Independent Directors as Board Pressed on Musk TiesRead the original story

    Apr 12, 2017 | The Washington Post

    Tesla Inc. said it's searching for independent directors after an influential group of investors pressured the electric-car maker's board to add two members who don't have ties to Elon Musk. Five of Musk's six fellow board members have personal or professional connections to the Tesla chief executive officer, which could jeopardize their independence, the California State Teachers' Retirement System and four other investors wrote in a letter Monday to Tesla's lead independent director.

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  9. Tesla's Valuation Is - Inexplicable': AutoNation CEORead the original story w/Photo

    Apr 11, 2017 | The Washington Post

    General Motors Co. is headed for a correction, as the latter is "clearly" undervalued, Mike Jackson, the chief executive officer of AutoNation Inc., said Tuesday.

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  10. Tesla's Valuation `Inexplicable,' Top U.S. Auto Dealer SaysRead the original story

    Apr 11, 2017 | The Washington Post

    America's biggest auto dealer isn't sold on Tesla Inc. becoming the top U.S. automaker by market capitalization. The relative value of Tesla and General Motors Co.

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  11. Tesla's Model 3 Prototypes Caught on CameraRead the original story w/Photo

    Apr 6, 2017 | The Washington Post

    Two weeks after Tesla CEO Elon Musk teased the first 6-second video of a newly minted, almost-final version of the $35,000 car, prototypes have begun to appear in the wild. The following images of two Model 3s were taken outside the company's headquarters in Palo Alto, California, on Wednesday.  With about 400,000 reservations at $1,000 a piece, this is arguably the most anticipated new car in automotive history-one that's already changing the trajectory of electric-vehicle development.

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  12. Musk Trolls Shorts as Tesla's Value Hits Record, Passes FordRead the original story w/Photo

    Apr 3, 2017 | The Washington Post

    Tesla Inc. 's Elon Musk poked fun at short sellers as his electric-car maker's stock surged to a record, vaulting its market value past century-old rival Ford Motor Co. "Stormy weather in Shortville..." the chief executive officer tweeted Monday, as Tesla shares climbed as much as 5.8 percent.

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  13. Tesla Beats Estimate With 25,000 Deliveries as Model 3 NearsRead the original story

    Apr 3, 2017 | The Washington Post

    Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts' estimates as Chief Executive Officer Elon Musk prepares to begin building the Model 3 in July. The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year's first three months, Palo Alto, California-based Tesla said in a statement Sunday.

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  14. Tesla Beats Estimate With 25,000 Deliveries as Model 3 NearsRead the original story w/Photo

    Apr 2, 2017 | The Washington Post

    Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts' estimates as Chief Executive Officer Elon Musk prepares to begin building the Model 3 in July. The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year's first three months, Palo Alto, California-based Tesla said in a statement Sunday. That topped the average forecast of 24,200 from three analysts and should bolster confidence in Tesla's target of delivering as many as 50,000 autos in this year's first half.

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  15. Tesla Ships 25,000 Vehicles in First Quarter, Beating EstimatesRead the original story

    Apr 2, 2017 | The Washington Post

    Tesla Inc. topped analysts' estimates for first-quarter deliveries as Chief Executive Officer Elon Musk's company prepares to begin Model 3 production in July. The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year's first three months, Palo Alto, California-based Tesla said Sunday in a statement.

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  16. The Cost of a Tesla Is About to Rocket in Hong KongRead the original story w/Photo

    Mar 30, 2017 | The Washington Post

    Calvin Zhang was getting tired of his Maserati. The Italian sports car spent too much time with the mechanic and guzzled too much gasoline.

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  17. Tencent Emerges as Musk's China Whisperer With Tesla StakeRead the original story

    Mar 28, 2017 | The Washington Post

    Tesla Inc. Chief Executive Officer Elon Musk just gained a massive and well-connected confidant to help him better crack China's auto market: Tencent Holdings Ltd. The Chinese internet giant isn't just an investor, Musk said after his electric-car maker disclosed Tencent had bought a 5 percent stake in his company for $1.8 billion. He also referred to the owner of the WeChat and QQ messaging services as an adviser.

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  18. Musk Wins Tencent Backing as 5% Stake Boosts Tesla's CashRead the original story w/Photo

    Mar 28, 2017 | The Washington Post

    Tencent Holdings Ltd. , whose purchase of a 5 percent stake boosts Elon Musk's ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about $1.8 billion for shares bought on the open market and from Tesla's stock offering earlier this month, according to a regulatory filing .

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  19. Tesla Wins Tencent Backing With 5% Stake as Musk Races for CashRead the original story w/Photo

    Mar 28, 2017 | The Washington Post

    Tencent Holdings Ltd. , whose purchase of a 5 percent stake boosts Elon Musk's ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about $1.8 billion for 8.17 million shares through Tesla's recent stock offering and via open-market purchases, according to a regulatory $1.4 billion through a stock and debt offering this month, more than initially sought, to cushion its balance sheet amid heavy spending to introduce the lower-priced Model 3. The acquisition makes Tencent, the Shenzhen-based owner of the WeChat messaging app, Tesla's fifth-largest shareholder, according to data compiled by Bloomberg.

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  20. At Peter Thiel's Palantir, Allegations of Theft and DeceptionRead the original story w/Photo

    Mar 18, 2017 | The Washington Post

    Marc Abramowitz thought he'd found kindred spirits in the founders of Palantir Technologies Inc. Like Chief Executive Officer Alex Karp and billionaire Chairman Peter Thiel, Abramowitz was a Stanford University alumnus looking to build a business empire. In 2006, Abramowitz made an investment in their then unknown startup and became a regular around the office.

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