With a wire transfer of $451.8 million, Elon Musk has finally made good on his promise to repay the hefty loan Tesla received from the Department of Energy well ahead of its 2022 due date, beating even Musk’s own five-year estimate. This comes on …
Fisker just can’t catch a break. As if enduring the layoffs of three out of every four employees and the resignation of its founder wasn’t unsettling enough, it’s now come to light that the Department of Energy recently confiscated the company’s $…
Tesla has seen strong sales of its Model S electric car, but Elon Musk is now hoping to bring in more buyers — and to do so, he’s rolling out a new sales plan that promises to give potential owners a Model S for a mere $500 a mo…
Bloomberg is reporting that Blackstone Group has submitted a preliminary offer to buy Dell. Citing a “person familiar with the matter,” the publication says the bid commits Blackstone to hold takeover discussions with the Texas comput…
As part of Tesla’s annual report to the SEC, the company revealed that it is pushing back production of its Model X electric crossover vehicle until late 2014 — that’s a year-plus delay over what Tesla announced last February wh…
It’s no secret why Dell’s struggling so badly it just took a $2b loan from Microsoft and bought itself back from shareholders to become a private company: after more than a decade of effort, the company never figured out what …
Dell, a former PC powerhouse that’s now struggling to maintain its place in the computing ecosystem, has been taken private in a deal financed by CEO Michael Dell’s equity, a $2 billion loan from Microsoft, and funding from ba…
Following rumors of a Microsoft multi-billion dollar investment in Dell, the software giant has confirmed its moves to help take Dell private. Microsoft will invest around $2 billion in the form of a loan to Dell, a deal that …
Dell has officially closed a buyout of the company, taking the company off the publicly-traded stock market and into private hands. The deal is being financed by cash and equity from CEO Michael Dell, funds from investment fir…
Kodak took another step along the road to recovery yesterday, after receiving court approval to borrow $950 million in restructuring funds. Nearly a month after the camera maker filed for Chapter 11 bankruptcy, US Bankruptcy Judge Allen Gropper grant…
