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

Wall Street rally lifts Nasdaq 20% off low as inflation fears ebb

Wall Street rally lifts Nasdaq 20% off low as inflation fears ebb

Traders work on the trading floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, US, Aug. 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Fed now sees a 50 basis point increase in September US consumer price growth slows in July Musk sells Tesla stock worth … Read more

Musk sells Tesla shares worth $6.9 billion, mentions chance of forced Twitter deal

Musk sells Tesla shares worth .9 billion, mentions chance of forced Twitter deal

Tesla CEO Elon Musk attends the groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China, January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Aug. 10 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle manufacturer, saying the money … Read more

Tesla’s Sales of China-Made Vehicles Drop in July Due to Factory Line Upgrades

Tesla’s Sales of China-Made Vehicles Drop in July Due to Factory Line Upgrades

Tesla’s model 3 vehicles, made in China, are seen during a delivery event at the factory in Shanghai, China, Jan. 7, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug. 9 (Reuters) – Tesla (TSLA.O) sold 28,217 Chinese-made cars in July, nearly two-thirds less than a month earlier, as … Read more

Tata Motors buys Ford India factory for $91 million

Tata Motors buys Ford India factory for  million

Tata Motors logos are pictured outside their flagship showroom in Mumbai, May 28, 2013. Photo taken May 28, 2013. REUTERS/Vivek Prakash Register now for FREE unlimited access to Reuters.com Register Aug 8 (Reuters) – Tata Motors Ltd (TAMO.NS) signed an agreement Sunday to buy Ford Motor’s factory in the western state of Gujarat for rupees … Read more

Automakers say US Senate bill will jeopardize 2030 targets for EVs

Automakers say US Senate bill will jeopardize 2030 targets for EVs

FILE PHOTO – Volkswagen employees stand next to Volkswagen electric cars at a ceremony at Volkswagen’s first battery cell factory, ‘SalzGiga’, in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug. 7 (Reuters) – A group representing General Motors (GM.N), Toyota Motor (7203.T), Volkswagen (VOWG_p.DE) and … 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’s Sales of China-Made Vehicles Drop in July Due to Factory Line Upgrades

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