Billionaire Tesla bull Ron Baron says Musk suggested he would make multiples on his $100 million Twitter investment

Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested he would make multiples in return for his $100 million investment in Musk’s take-private deal for Twitter. “He told me he thought I was going to make two or three times my money over three years,” Baron said on “Squawk Box.” Baron has long been bullish on Tesla, telling CNBC’s Becky Quick that Musk made Baron “$5 billion so far, on a $400 million investment.” In 2021, the investor told CNBC that he held almost 6 million Tesla shares…

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Billionaire Tesla bull Ron Baron promised multiples on $100 million Twitter investment

Billionaire Ron Baron was promised he would make “two to three times” his money when he invested $100 million in Tesla CEO Elon Musk’s take-private deal for Twitter, Baron said Tuesday on CNBC’s “Squawk Box.” Baron has long been bullish on Tesla, telling CNBC’s Becky Quick that Musk made Baron “$5 billion so far, on a $400 million investment.” In 2021, the billionaire investor told CNBC that he held almost 6 million Tesla shares through his investment firm, Baron Capital. Baron’s $100 million Twitter investment was predicated on his longtime…

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Elon Musk says Twitter ‘trending to breakeven’ after near bankruptcy

Elon Musk Twitter account displayed on a phone screen and Twitter logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on November 22, 2022. Jakub Porzycki | Nurphoto | Getty Images Twitter CEO Elon Musk said Sunday that the last few months have been “extremely tough,” but the social media company is “now trending to breakeven.” CNBC was not able to independently verify this claim. Musk, who is also CEO of Tesla and SpaceX, said in a tweet that he has…

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Jury find Musk, Tesla not liable in securities fraud trial following ‘funding secured’ tweets

Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class action securities fraud trial stemming from tweets Musk made in 2018. The Tesla, SpaceX and Twitter CEO was sued by Tesla shareholders over a series of tweets he wrote in Aug. 2018 saying he had “funding secured” to take the automaker private for $420 per share,…

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Jury find Musk, Tesla not liable in securities fraud trial following ‘funding secured’ tweets

Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class action securities fraud trial stemming from tweets Musk made in 2018. Jurors deliberated for less than two hours before reading their verdict. The Tesla, SpaceX and Twitter CEO was sued by Tesla shareholders over a series of tweets he wrote in Aug. 2018 saying he had…

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Ford’s CEO needs to deliver by next quarter, or we’re moving on from the stock

Ford Motor (F) CEO Jim Farley on Friday said the automakers’ messy fourth quarter was a function of its transition to a new business structure that limited production capacity, combined with poor execution. But we remain disappointed in the results, and need to see an increase in profitability to stick with the stock after the next quarter. Farley, in an interview with CNBC, said he’s in the midst of restructuring Ford to do business more efficiently, but has faced challenges in simplifying processes at the auto giant, which in turn…

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Biden administration expands EV tax credits in boost for Tesla, Cadillac, others

A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT – The U.S. Treasury said Friday it is changing its definition of an “SUV” to make more electric vehicles from Tesla, General Motors and other automakers eligible for up to $7,500 federal tax credits at higher prices. The decision follows Tesla CEO Elon Musk publicly criticizing the former standards as well as automakers such as…

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Bill Gates says Elon Musk’s ambition to colonize Mars is not a good use of money

SpaceX CEO Elon Musk speaks during the 67th International Astronautical Congress in Guadalajara, Mexico. Susana Gonzalez | Bloomberg | Getty Images Bill Gates questioned whether Elon Musk’s current priorities would make him a good philanthropist, taking issue with his fellow billionaire’s ambition to send people to Mars. In an interview with the BBC, set to be broadcast on Friday evening, the Microsoft co-founder was asked if he thought Musk would qualify as a philanthropist. Gates responded saying he doesn’t think Musk is one currently but that this may change in…

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Ford CEO Jim Farley’s frustration builds as he vows to transform the automaker

Ford CEO Jim Farley at the company’s plant in Dearborn, Michigan, on April 26, 2022. “We have to change our cost profile,” Farley told CNBC after a call with analysts to discuss fourth-quarter results. CNBC | Michael Wayland Ford CEO Jim Farley is frustrated. The company’s fourth-quarter earnings on Thursday missed analyst expectations by a wide margin, as costs and supply chain issues again hurt Ford’s bottom line, Farley knows his company needs to change. related investing news “We have to change our cost profile,” Farley told CNBC after a…

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There’s a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too

Both pink and blue have been used to differentiate between different methods of hydrogen production. Eve Livesey | Moment | Getty Images From Tesla’s Elon Musk to European Commission President Ursula von der Leyen, the past few years have seen many high-profile names talk about the role hydrogen may — or may not — play in the planet’s shift to a more sustainable future. Musk has expressed skepticism about hydrogen’s usefulness, but many think it could help to slash emissions in a number of sectors, including transportation and heavy industry.…

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