Elon Musk tells Tesla employees to be ‘hardcore’ to fight off ‘companies that want to kill Tesla’ in leaked memo

Toyota sells all shares in Tesla as their tie-up ends

Toyota sells all shares in Tesla as their tie-up ends

Toyota Motor Corp said on Saturday it had sold all shares in Tesla Inc by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop electric vehicles. Toyota spokesman Ryo Sakai said the company had sold all of its shares in Tesla as of the end of 2016, part of a regular, periodic review of its investments, after it had initially sold down a portion in 2014. "Our development partnership with Tesla ended a while ago, and since there has not been any new developments on that front, we decided it was time to sell the remaining stake," he said.


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White House’s Debt Ceiling Battle Could Trigger a Shutdown — and a Recession

White House's Debt Ceiling Battle Could Trigger a Shutdown — and a Recession

At a time when worldwide confidence in the U.S. has already been badly shaken by President Trump's go-it-alone, “America First” approach to trade, NATO and climate change, a White House riven by dissension is generating yet another controversy -- this time over whether the U.S. will honor its debt. The U.S. could exhaust its legal borrowing authority of nearly $20 trillion this summer and will need congressional approval to raise the debt ceiling to avert the first-ever default on U.S. borrowing. The problem is that the Treasury is burning through its cash reserves at a faster clip than previously anticipated while the flow of tax revenue has fallen off.


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