Tesla

Markets

Tesla slides in first day of trading on the S&P 500 Index

Tesla Inc.’s shares fell as much as 6.4% in premarket trading on its first day after being added to the S&P 500 Index, as the broader market slid and the stock retraced gains from Friday when tens of millions of shares were purchased by index-fund managers.

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Elon Musk says changing his way of working not an option

Elon Musk sees no option but to keep working at his current relentless pace, no matter the deepening concerns of board members and investors about his health and stability as he propels Tesla Inc. toward a possible rebirth as a private company.

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Saudi fund in talks to invest in Tesla buyout deal

Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to people with knowledge of the fund’s plans.

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Elon Musk’s Tesla pay pack could net him $50bn

Shareholders of electric car and solar panel maker Tesla have approved an ambitious pay package for CEO Elon Musk that could net him more than 50 billion US dollars (£35 billion) if he meets lofty milestones over the next decade.