Exclusive: Tencent plans to divest its $24 billion stake in Meituan

Exclusive: Tencent plans to divest its  billion stake in Meituan

Tencent wants to start selling Meituan shares this year – sources Sales tries to please regulators, monetize 8-year-old gambling resources Selling Shares Will Likely Be Done As Block Trading – Resources Move Comes Following Tencent’s Divestment of JD.com, SEA Holdings Meituan shares sink 10%; Restoring Tencent Shares HONG KONG, Aug. 16 (Reuters) – China’s Tencent … Read more

Musk wants to question Twitter employees who count bots -source

Musk wants to question Twitter employees who count bots -source

An image of Elon Musk can be seen on a smartphone superimposed on printed Twitter logos in this image, taken April 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register August 10 (Reuters) – Elon Musk’s legal team demands that Twitter Inc according to a source familiar with the case, the … Read more

Tesla sets August 25 as trading day for three-for-one split stocks

Tesla sets August 25 as trading day for three-for-one split stocks

Automaker Tesla’s logo can be seen at a branch in Bern, Switzerland Oct. 28, 2020. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register Aug. 5 (Reuters) – Tesla Inc (TSLA.O) said Friday that trading in its split three-for-one shares will begin on Aug. 25, after the electric vehicle manufacturer’s shareholders approved the … Read more

US automakers say 70% of EV models are ineligible for tax relief under Senate law

US automakers say 70% of EV models are ineligible for tax relief under Senate law

The new GM logo can be seen on the facade of General Motors headquarters in Detroit, Michigan, US, March 16, 2021. REUTERS/Rebecca Cook Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug. 5 (Reuters) – Most electric vehicle models would not qualify for a $7,500 tax credit for U.S. buyers under a Democratic … Read more

Tesla Shareholders Broadly Follow Board Recommendations at Annual Meeting

Tesla Shareholders Broadly Follow Board Recommendations at Annual Meeting

Aug. 4 (Reuters) – Shareholders of Tesla Inc (TSLA.O) voted in accordance with the board’s recommendations on most issues at the company’s annual meeting on Thursday, which saw directors re-elected, approved a stock split and rejected a number of proposals aimed at the environment and governance. Votes on three of the 13 proposals did not … Read more