Elon Musk Says Tesla’s New Factories Are ‘Gigantic Money Furnaces’

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Toshiba Surges on Report of Bids at $22 Billion Valuation

(Bloomberg) — Toshiba Corp. shares jumped as much as 6.5% on Thursday after Reuters reported bidders are considering offering up to 7,000 yen per share to take the company private, which would value the deal at about $22 billion.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsStocks Snap Rally as Recession Fears Mount: Markets Wrap