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
By The Associated Press | PUBLISHED: September 29, 2018 at 2:40 pm | UPDATED: September 29, 2018 at 3:33 pm Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company. The settlement allows Musk to remain CEO of the electric car company but requires him to relinquish his role as chairman for at least three years. Tesla must hire an independent chairman to oversee the company. The Securities and Exchange Commission announced the settlement Saturday, just two days after filing a case seeking to oust Musk as CEO. Musk, a billionaire, and Tesla, a company that ended June with $2.2 billion in cash, each are paying $20 million to resolve the case. The deal could remove one cloud that hangs over Tesla. Investors fretted about the company’s ability to cope without Musk, a charismatic entrepreneur whose penchant for … [Read more...] about Tesla and Elon Musk settle with SEC for $40 million; Musk to stay CEO
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page AP August 07, 2018 NEW YORK (AP) — Tesla CEO Elon Musk says he is considering taking the electric car maker private.Tesla’s stock spiked Tuesday after Musk made the abrupt announcement in a terse tweet. He said is considering taking the company private at $420 a share and already has secured funding.Tesla shares are up more than 5 percent at $360.64.Am considering taking Tesla private at $420. Funding secured.— Elon Musk (@elonmusk) August 7, 2018 Good morning — Elon Musk (@elonmusk) August 7, 2018 Loading comments... … [Read more...] about Tesla CEO Elon Musk said he may take the company private and shares rocketed up