SEC alleges Tesla’s Elon Musk lied to investors and seeks his removal as CEO - News Summed Up

SEC alleges Tesla’s Elon Musk lied to investors and seeks his removal as CEO


[Full filing: US Securities and Exchange Commission vs Elon Musk]The swiftness of the SEC’s investigation surprised analysts and former SEC officials. Musk, 47, is Tesla’s chairman, chief executive and largest shareholder, with a roughly 20 percent stake in the company. [Tesla without Elon Musk? [Tesla facing Justice Department investigation over Elon Musk tweets]The SEC’s legal complaint depicts a time of chaos following Musk’s surprise tweets. “This is the most serious challenge that both Elon Musk and Tesla have faced thus far.


Source: Washington Post September 27, 2018 20:23 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */