SEC - Page 5

Tesla CEO Elon Musk reportedly pulled out of a settlement with the Securities Exchange Commission (SEC) over charges of fraud at the last minute, because it would “not be truthful to himself.”

The CEO of automotive retailer AutoNation stated in a recent interview that Tesla may not be around in the next ten years based on Elon Musk’s “bait-and-switch” business tactics.

Former General Motors Vice Chairman Bob Lutz discussed Elon Musk’s Tesla in a recent interview stating that the company is “headed for the graveyard.”

Elon Musk’s car company Tesla is reportedly under investigation by the Department of Justice in relation to public comments made by Musk and the company.

Citron Research editor Andrew Left announced Thursday he is filing a lawsuit against Tesla CEO Elon Musk for breaching U.S. securities laws. 

In an interview with the Wall Street Journal published Friday, Tesla CEO Elon Musk said his thinking behind tweeting plans to take the embattled electric car company private was akin to how Las Vegas casino owners consider their odds of success.

Major investment fund BlackRock voted to replace Elon Musk with an independent chairman for Tesla. The motion, which would not have affected Musk’s status as CEO, was voted down.

Wired published an article recently stating that despite rolling back plans to take Tesla private, CEO Elon Musk will still have to face an SEC probe — and angry investors.

The Wall Street Journal published an article Monday outlining how Tesla CEO Elon Musk’s plans to take the company private failed. A combination of doubts about losing control and sharing the “Tesla halo” contributed to the decision.

Tesla CEO Elon Musk has announced that despite claims that he had “funding secured,” he will not be attempting to take the electric car company private.

The company and its defenders have made “XRP is not Ripple” a continuous mantra over the past few months, changed the digital token’s logo, and even amended testimony to the U.K. parliament in a transparent attempt to fend off regulatory scrutiny.

The SEC rejected nine applications for Bitcoin exchange-traded funds (ETFs) this week, but the price of Bitcoins has remained steady despite the setback.

Former Toyota USA President Jim Press said in a recent interview that Tesla CEO Elon Musk needs to delegate more and work with an outside distributor if he wants to make Tesla “sustainable.”

Elon Musk claimed to the Wall Street Journal that Tesla is “definitely not going bankrupt,” at the same time as most Tesla suppliers are reportedly worried that the electric car manufacturer may not pay them as the company faces further turmoil.

In an interview with YouTube tech reviewer Marques Brownlee, Tesla CEO Elon Musk claimed that the electric car company could produce a $25,000 car within the next three years.

Following weeks of turmoil surrounding Tesla and it’s CEO Elon Musk, J.P. Morgan has predicted that Tesla’s stock price will plunge 30 percent as the investment giant believes that funding for taking the company private is not “secured” as Musk claims.

“The President has highlighted a key consideration for American companies and, importantly, American investors and their families,” Jay Clayton said.

Tesla CEO Elon Musk became quite emotional in an interview with the New York Times when discussing the turmoil surrounding Tesla in recent months, blaming short-sellers for much of his stress. He also allegedly struggled to hold in tears as he described working through his birthday at the Tesla factory.

A new whistleblower alleges Telsa failed t0 disclose unauthorized spying activities on its employees’ electronic devices by a notorious team of former Uber security agents, or to acknowledge theft of materials from the company’s factory.

The SEC is looking into whether Musk intentionally misled investors in a bid to hurt short sellers by driving up the price of Tesla’s stock.

Tesla has received a subpoena from the SEC following Elon Musk’s tweet about taking the electric vehicle company private, reports say.

Members of the board of directors for Elon Musk’s Tesla were reportedly “totally blindsided” by the CEO’s tweets suggesting that he had funding secured to take the company private.

Various tech and business analysts are calling out Elon Musk on just how “secured” his funding for a potential deal to take Tesla private again actually is.

MarketWatch published an opinion piece recently titled “Elon Musk’s Plan to Take Tesla Private is a Pipe Dream” which alleges that the Tesla CEO’s plan to take his electric-car company private is extremely unlikely to go ahead.

Tesla co-founder and CEO Elon Musk admitted Monday that his claim of “funding secured” did not mean that he had a deal in place to fund a private buyback of the electric car company’s outstanding stock.

Musk found himself the subject of two lawsuits, an SEC inquiry, and much ridicule after claiming he secured funding for taking Tesla private.

According to a report from Fortune, Elon Musk may face SEC trouble for blocking naysayers, critics, and journalists on Twitter.

After Elon Musk’s remarks about taking Tesla private, the SEC was already examining “public pronouncements,” about the embattled electric car company’s “manufacturing goals and sales targets.”

Tesla’s board members are reportedly meeting with bankers next week to flesh out plans to take the embattled electric car company private.

The SEC has launched an inquiry after Tesla CEO Elon Musk tweeted his desire to take his embattled electric vehicle company private.

The FBI, SEC, and Justice Department have joined a federal probe into Facebook’s user data scandal which saw the personal info of 87 million users allegedly shared without their explicit consent.

Equifax has revealed that passport details and driver’s licenses were also stolen on top of a wide array of other information in the massive 2017 data breach the company suffered.

Lawyers for Jay-Z told a judge that the Securities and Exchange Commission has gone on a “celebrity hunt” by demanding the rapper submit to unlimited questioning beginning Friday about a company to which he sold his apparel business more than a decade ago.

The CEO of blood-testing company Theranos, Elizabeth Holmes, has been charged alongside the company’s former President Ramesh Balwani with “elaborate, years-long fraud” by the Securities and Exchange Commission.

President Donald Trump’s pushback against Chinese takeover of U.S. industry is in full swing as the Securities and Exchange Commission (SEC) has officially blocked an effort by China to buy the Chicago Stock Exchange.

Five companies involved in Vermont’s Jay Peak ski and water park development reached a $225,000 settlement with the Securities and Exchange Commission (SEC) Wednesday as part of the ongoing EB-5 “golden visa” fraud case against the development’s owner, according to a report by Law 360.