How Trump could ruin Musk's plan to take Tesla private [CNNMoney.com]
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Source: CNNMoney.com
How Trump could ruin Elon Musk's plan to take Tesla privateThe US government is cracking down on foreign investment in companies. And that could be a problem for Elon Musk's plan to take Tesla private.Musk said on Monday that Saudi Arabia's sovereign wealth fund is eager to help finance a deal to take the electric car companyoff the public market.Later that same day, though, President Donald Trump signed a bill that will give the government more say in which foreign countries and companies get to invest in American businesses.And Tesla, with its long-range electric batteries and cutting-edge features for self-driving cars, has just the kind of technology the government is eager to protect.The Committee on Foreign Investment in the United States, or CFIUS, comprises agencies across the government. It will now have more power to examine deals, even when the foreign investor is buying a minority stake.The tougher rules, which passed with bipartisan support, were meant to check Chinese ac
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- Insight: Why BYD's EV exports sell for twice the China price [Reuters]Reuters
- INSIGHT-Why BYD's EV exports sell for twice the China price [Yahoo! Finance]Yahoo! Finance
- Chinese EV start-ups Nio and Xpeng turn to the mass market for growth [CNBC]CNBC
- US probes Tesla recall of 2 million vehicles over Autopilot, citing concerns [Reuters]Reuters
- Opinion: 10 Figures That Show Tesla Is Completely Uninvestable Right Now [Yahoo! Finance]Yahoo! Finance
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- 4/25/24 - Form DEFA14A
- 4/24/24 - Form 10-Q
- TSLA's page on the SEC website