Musk: “It’s Possible” Tesla Would Buy Shuttered GM Factories [Fortune]
Tesla, Inc. (TSLA)
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Source: Fortune
Tesla and SpaceX CEO Elon Musk participates in a fireside chat at the National League of Cities (NLC) 2018 City Summit in Los Angeles, California, U.S. November 8, 2018. REUTERS/Kyle Grillot - RC16D20096E0 Kyle Grillot REUTERS By Emily Gillespie 7:22 PM EST Tesla CEO Elon Musk said in a TV interview that “it’s possible” that his company would buy several General Motors factories that the company has slated to close. Last month, GM announced plans to close five plants in Ohio, Maryland, Michigan and Ontario in 2019. Additionally, the automaker said it would cut its workforce by 15% and discontinue some of its models. The move was the company’s biggest reorganization since filing for bankruptcy in 2009, which ended in a bailout by U.S. and Canadian taxpayers. Part of that restructuring included more of a focus on electric cars, new
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TSLA
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- 5/6/24 - Form DEFA14A
- TSLA's page on the SEC website