Tag Archives: Elon Musk

James Murdoch could take chairman role at Tesla

James Murdoch, son of billionaire media mogul Rupert Murdoch, is the leading candidate to take over the chairman role at Tesla, the Financial Times reported Wednesday, citing two people familiar with the matter. However, Elon Musk, current CEO and chairman at Tesla, hit Twitter shortly after the report was published with the statement, “This is...

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Elon Musk trolls SEC on Twitter, doubles down, SEC agreement not done deal

Just days after settling with the Securities Exchange Commission, Tesla CEO Elon Musk took to Twitter and trolled the SEC on Thursday. Just want to that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point! — Elon Musk (@elonmusk) October 4, 2018 "Just want to that (sic) the Shortseller Enrichment...

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Elon Musk settles with SEC, fined $40M and will step down as chairman

Tesla and its CEO Elon Musk settled a lawsuit with the Securities and Exchange Commission on Saturday that will result in a $40 million fine and a new chairman of Tesla's board of directors. The lawsuit was filed after Musk claimed "funding secured" in tweet as he floated the idea of taking the automaker private on Aug. 7. DON'T MISS: DOJ wants to know if...

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DOJ wants to know if Tesla CEO Elon Musk broke the law in going-private tweets

On August 7 Tesla CEO Elon Musk tweeted about taking the automaker private. While it may have seemed to slip out of the news, the tweet had not slipped the minds of federal agencies. The Wall Street Journal reported on Tuesday that the Department of Justice (DOJ) now has an open investigation into the Silicon Valley company, and whether it violated any...

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Volkswagen was reportedly Tesla’s backer to go private

Volkswagen may have come to Elon Musk's rescue, but the Tesla CEO turned the German automaker down for funding to take his company private, according to a report from The Wall Street Journal on Monday. Elon Musk started a circus on August 7 when he tweeted about taking Tesla private at $420 per share. At the time Musk only said that the funding was secured...

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Opinion: It’s time for Tesla’s Elon Musk to step aside

It's hard to overstate Elon Musk's contributions to the 21st century. As one of PayPal's founders, Musk cemented his fortune. As the dreamer behind SpaceX, he cemented his vision for humanity's future. As Tesla's CEO, he's created an automaker that not only established itself as a major force in a few short years but also...

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SEC subpoenas, board surprised, investor lawsuits: Tesla woes mounting?

A reported subpoena from the Securities and Exchange Commission may add to the long list of growing worries for Tesla and its embattled CEO Elon Musk that now includes potential investor lawsuits, federal inquiries, and reports that the automaker's board of directors may not have been fully briefed on plans to go private. On Wednesday, Charles Gasparino...

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Elon Musk says talks with Saudis led him to tweet "funding secured"

Tesla [NYSE: TSLA] CEO Elon Musk provided insight Monday behind his "funding secured" comment made last week when he floated the idea of taking the automaker private. Musk released a statement on Tesla's blog and wrote the sovereign wealth fund of Saudi Arabia approached him multiple times in the last two years to discuss taking Tesla private. The Saudis...

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Report: SEC inquired about Elon Musk’s tweet regarding taking TSLA private

The Internet and financial industry weren't the only ones to take notice Tuesday when Tesla CEO [NYSE: TSLA] Elon Musk took to Twitter floating the idea of taking the automaker private. The Wall Street Journal reported Wednesday that SEC investigators could be looking into a variety of violations such as artificially raising the automaker's value via the...

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