Norway's Wealth Fund Issues Savage Burn On Tesla

Save for some uplifting production news, Tesla Motors is still fighting an uphill battle. CEO Elon Musk’s earlier claim that the company would go private has gotten him into trouble with the Securities Exchange Commission — since it looks as if the automaker hasn’t procured the necessary funding to make that happen.

However it doesn’t appear as if Norway’s sovereign wealth fund will be the outlet to pick up that tab. Trond Grande, deputy CEO of the Norwegian fund, declined to say whether Tesla had approached the fund about going private. “We don’t have a view on that,” he said before adding “We want to be invested in companies that make money.”

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  • Chris Tonn @maintenancecosts stay tuned. An XC90 Recharge arrived this week.
  • ToolGuy Jump ahead to the table labeled "The 20 U.S. newspapers with the highest circulation in 2000, with 2022 print circulation":https://www.niemanlab.org/2022/06/for-print-newspapers-one-florida-retirement-community-is-a-better-market-than-atlanta-st-louis-or-portland/
  • SCE to AUX Of course it's dead, as are most live meetings any more.Covid was the catalyst that killed off the live meeting paradigm forever. In my office, we now have Teams meetings amongst participants who are all in the building. It's just not worth the trouble to schedule a conference room and hunt people down to see if they can be present.To paraphrase Madonna (with an update), we're living in a virtual world.
  • FreedMike Kudos to Chris for making an uninteresting car interesting to read about.
  • FreedMike Alfa had its’ shot in this market, and it didn’t work out. Of course, based on Alfa’s horrid history of reliability record, scathing quality related reports like this one certainly didn’t help. Yes, the base models weren’t that bad, but this kind of atrocious press was the worst possible thing for a brand that got drummed out of this market over quality issues. Besides, Dodge is a LOT more viable in this market than Alfa Romeo. Let the Europeans have Alfas.