Saturday, 29 September 2018

US regulators charge Tesla CEO Elon Musk with fraud

US regulators charge Tesla CEO Elon Musk with fraudThe US Securities and Exchange Commission on Thursday charged Tesla CEO Elon Musk with securities fraud, alleging he misled investors last month in tweets about taking the company private. Musk tweeted August 7 that he had "secured" funding to privatize the electric automaker at $420 a share, causing a brief spike in Tesla's share price. The SEC said Musk's statements on Twitter were "false and misleading" and that he had never discussed the plans with company officials or potential funders.




from Yahoo News - Latest News & Headlines https://ift.tt/2OSgQz7

at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

3M Refuses White House Directive to Send Masks from Singapore to U.S., Citing Concern for Asian Medical Workers

Health care manufacturer 3M has resisted pressure from the White House to import about 10 million N95 respirator masks from the company'...