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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022 , which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.” There are no financing conditions to the closing of the transaction. Musk has secured $25.5 Morgan, and Allen & Co.,

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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

It’s a dramatic reversal from the ebullience of recent years that sent prices soaring and sparked a rush by some of the auto industry’s biggest players to secure future supply. Yet supply charged ahead as demand growth underwhelmed, and the result has been a price freefall. Chemaf Resources Ltd. and General Motors Co.

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LG Energy Solution cuts investments after weak earnings

Teslarati

LG Energy Solution (LGES) is cutting some investments after reporting weak earnings, mostly attributed to slow electric vehicle (EV) sales growth. “W W e will have to cut capital expenditure considering sluggish EV market conditions and client demand, ” commented Lee Chang-sil, LGES’ Chief Finance Officer. billion won (US$114 million).

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Faraday Future forced to delay deliveries, scrambles for cash

Teslarati

Highlighted in Faraday Future’s most recent announcement, the delivery of its first vehicle is contingent on a couple of factors outside of corporate financing. Foremost, the vehicle has yet to complete crash testing in the United States, making it ineligible for sale. If you have news tips, email us at tips@teslarati.com !

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Tesla bull details Elon Musk’s moves that forced Twitter board to strike a deal

Teslarati

Musk, who put an offer in for Twitter on Thursday, April 14, finally came to terms with the Twitter board after pushback, including the use of a “poison pill” that offered current shareholders the opportunity to buy more at a discounted price. Elon Musk, Twitter reach agreement for sale of social media platform.

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Rivian IPO: What you need to know

Teslarati

is expected to price its initial public offering (IPO) later today, November 9, 2021. Rivian has disclosed that it is targeting a valuation above $60 billion in its IPO, with shares priced between $57 and $62. The Finances So Far. Rivian Automotive Inc. Morgan Stanley, Goldman Sachs, and J.P. Target Valuation.

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Junkyard Find: 2004 Mitsubishi Diamante LS

The Truth About Cars

There was a time when Mitsubishi dealers in North America offered just about every kind of car and light truck for sale. In 1990, for example, American vehicle shoppers looking at new Mitsus could check out the Precis , the Mirage , the Eclipse , the Galant , the Sigma , the Van/Wagon , the Pickup and the Montero.

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