Posts Tagged ‘TSLA’
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…
Read MoreChinese Electric Car Maker Nio Explodes on Tesla Investor Taking a Stake
Shares of Nio, a Chinese electric car maker, saw its shares rally after it was revealed that an investor of Tesla has taken an 11.4% stake in the company as well. Tesla investor Baillie Gifford, who is actually Tesla’s top investor, has taken an 11.4% stake in the Chinese Nio. As Wall Street learned the…
Read MoreTesla 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.…
Read MoreMusk Tangos with the SEC, But Production Doing Well
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…
Read MoreMusk Settles with the SEC Over Going Private Tweet
CEO of Tesla, Elon Musk settled his case with the SEC over the weekend. It can be said that the best was made of a bad situation, where the SEC originally wanted to remove Musk of his powers at Tesla as well as any future executive positions in a public company. In reaction to the…
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