Tesla priced its second offering of stock at $767 apiece Friday. An announcement Thursday that Tesla would put an additional $2 billion worth of stock on the market surprised almost everyone. Just two weeks ago, CEO Elon Musk said the company had enough cash to fund its capital programs and that it didn't need to raise any more money.
Renault's first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it. As ex-Volkswagen brand manager Luca de Meo prepares to take over as chief executive of the French automaker, which has been rocked by the Ghosn scandal, it did not exclude job cuts in a promised review of its performance across all factories. Like many auto industry rivals, i
Lewis Hamilton said he was amused by younger rivals talking up their chances as his Mercedes Formula One team unveiled the new car that could make him a seven-times world champion this season. The 35-year-old Briton pointed to Finnish team mate Valtteri Bottas, handed the first laps in the sleek W11 car at a private shakedown session at Silverstone circuit on Friday, when asked who would be his biggest challenger. Red Bull's Dutch driver Max Verstappen and Ferrari's Monegasque Charles Leclerc,
