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Posts Tagged ‘Elon Musk’

Tesla Has Found a New Chairwoman to Take Elon Musk’s Place

It was in the middle of October that US District Judge Alison Nathan approved a settlement between Tesla CEO Elon Musk and the Securities and Exchange Commission. As part of the terms, Musk may no longer lead the company’s board of directors and was given 45 days to resign as chairman. He also may not…

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Toyota is Recalling 2.4 Million Prius Hybrids Over This Risk

Automaker Toyota announced this week that it is recalling 2.4 million Prius hybrids around the world, with 800,000 in the United States, due to the risk of them stalling while driving. “We’ve found that in rare situations, the vehicle may not enter a fail-safe driving mode as intended,” said Tania Saldana, a Toyota spokeswoman, to…

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Tesla CEO Elon Musk Must Resign as Chairman After SEC Sues for Fraud

It was a rough couple of days of trading for Tesla immediately after it was revealed that the Securities and Exchange Commission (SEC) had opened a lawsuit on the company’s CEO Elon Musk. The SEC’s complaint alleged that Musk had issued “false and misleading” statements and failed to properly notify regulators of material company events.…

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Musk Tangos with the SEC, But Production Doing Well

Tesla Model 3

It is almost like Elon Musk is playing chicken with the Securities and Exchange Commission.  After Musk went to Twitter to tell his followers and investors he may take the company private at a share price of $420.  He than followed up his tweet with another stating that funding for taking the company private was…

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