Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Tesla and Elon Musk Are Given Week to Reach Accord With S.E.C. Advertisement Supported by ByThe New York Times April 18, 2019 Elon Musk has another week to work out his latest dispute with the Securities and Exchange Commission. A federal judge on Thursday granted a request by the two sides for more time to resolve a fight over whether Mr. Musk, Tesla’s chief executive, had violated an earlier settlement with the commission governing his public statements about the company’s finances. The S.E.C. had asked the court to hold Mr. Musk in contempt for a Twitter post on Feb. 19 in which he said Tesla would produce about 500,000 cars this year. That was at variance with the company’s guidance a month earlier that the figure would be 360,000 to 400,000. The commission asserted that the … [Read more...] about Tesla and Elon Musk Are Given Week to Reach Accord With S.E.C.
Tesla and elon musk
By Washington Post | PUBLISHED: March 9, 2019 at 6:21 am | UPDATED: March 9, 2019 at 6:25 am By Chris Dolmetsch | Bloomberg Enough with the tweets already. That’s the message a group of institutional investors in Tesla is sending the electric-car maker and Chief Executive Officer Elon Musk in broadening its claim against him Thursday, saying his “repeated misstatements” continue to harm the company and its shareholders. Their new lawsuit, filed in Delaware Chancery Court, seeks to permanently block Musk’s “unchecked use of Twitter to make inaccurate statements about the company,” lawyers for one of the investors, the Laborers’ District Council and Contractors’ Pension Fund of Ohio, said in a statement. After tweeting last year that he had secured funding for a plan to take the company private, Musk allegedly stepped over the line again in February by estimating on Twitter that Tesla would produce about half a million vehicles this year. … [Read more...] about Look, just quit tweeting, OK? Investors sue Tesla and Elon Musk again
By The Washington Post | PUBLISHED: January 12, 2019 at 6:15 am | UPDATED: January 14, 2019 at 4:24 am By David Silverberg | Washington Post Journalist Hamish McKenzie spent a year working for Tesla, but he makes clear at the outset of his book, “Insane Mode: How Elon Musk’s Tesla Sparked an Electric Revolution to End the Age of Oil,” that this is no insider’s story. “I will leave that work to the gossip blogs,” he writes. Instead, he seeks to spotlight the company’s strategy in the context of the auto industry’s identity crisis. He interviews auto experts and electric-car CEOs to illuminate how Tesla paved the way for imitators seeking a foothold in the clean-energy game. McKenzie introduces us to Musk, the mercurial entrepreneur who was bullied in South Africa and later won acclaim as a co-founder of PayPal; that success plumped him with enough capital to launch both Tesla and SpaceX, his aerospace manufacturing and transportation … [Read more...] about How Tesla and Elon Musk reshaped the auto industry
Tesla hit back at a Wired piece which portrayed chief executive Elon Musk acting erratically and going on firing sprees.Tesla called the piece an "overly-dramatic and sensationalized tale."The company disputed stories of Musk going on firing rampages in the Gigafactory which caused employees to avoid going near his desk.But Wired's report dovetails with earlier reporting from Business Insider, with employees likening the firm to a 'cult.'Tesla has fought back against claims made in an explosive deep dive on Tesla published on Thursday by Wired.Journalist Charles Duhigg spoke with current and former Tesla employees over the course of six months during the company's 'production hell' caused by the production ramp for the Model 3. 30 PHOTOS Elon Musk through the years See Gallery Elon Musk through the years Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, … [Read more...] about Tesla says Elon Musk doesn’t ‘randomly’ fire people for no reason
By Thomas Barrabi Published December 11, 2018 Business Leaders FOXBusiness Facebook Twitter Comments Print video Tesla’s Elon Musk revives battle with SEC FOX Business’ Charlie Gasparino reports that the SEC has interviewed former employees and short sellers about the problems at Tesla. Tesla CEO Elon Musk slammed CBS for airing what he called a “misleading” edit of his interview with “60 Minutes.” Continue Reading Below Musk’s criticism appeared to focus on a portion of the interview that focused on his removal as Tesla’s chairman of the board as part of a settlement agreement with the U.S. Securities and Exchange Commission. The clip was posted on the “60 Minutes” Twitter account last Sunday. In the clip, Musk appeared to respond to a question about whether he’d handpicked Robyn Denholm to serve as his replacement with a simple “Yes.” Asked if Denholm was … [Read more...] about Tesla CEO Elon Musk slams CBS for ‘misleading’ edit of ’60 Minutes’ interview