Tag Archives: bankruptcy

  Before Tesla, electric cars were more like golf carts than the high-performance vehicles gaining popularity today. But Musk’s EV startup was always a longshot. We’ve heard numerous stories about how the company almost went belly-up in its early days, but CEO and founder Elon Musk just revealed that the …

We’ve known for weeks that Toshiba was in rough shape and seeking to raise additional revenue through a potential partial sale to Western Digital, but events on Tuesday pushed the company’s position from “really bad” to “implosion imminent.” Today, Toshiba announced that it would take a $6.2 billion write-down on …