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Business News Headlines

Tesla's Musk hands over first Model 3 electric cars to early buyers

Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the company's strategy to become a profitable, mass market electric car maker.

Toshiba to give Western Digital notice on closing memory sale

Toshiba Corp has agreed to give Western Digital Corp two weeks' notice before closing any sale of a memory chip unit that would involve transferring joint venture shares that Western Digital claims give it a say in the $18 billion sale of the unit.