The steep downturn in Tesla’s market value may have influenced him to have an apparent change of heart and negotiate a settlement. He had rejected a similar settlement offer before the SEC sued on Thursday, maintaining he had done nothing wrong when he posted an August 7 tweet declaring he had secured the financing to lead a buyout of Tesla. … [Read more...] about Elon Musk to leave Tesla chairman role in £30m fraud case settlement
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Musk: Tesla Selling $35K Model 3 Would ‘Lose Money and Die’
Musk tweeted just before Tesla’s July 28, 2017 “Handover Party” for the first 30 Model 3 vehicles that he was confident the company would ship 80,000 vehicles by the end of 2017, and 500,000 in 2018. Musk laid out an exponential monthly production growth rate, ramping up from 100 units in August to 1,500 in September, adding: “Looks like we can reach 20,000 Model 3 cars per month in Dec.” … [Read more...] about Musk: Tesla Selling $35K Model 3 Would ‘Lose Money and Die’
Elon Musk Says Thailand Rescue Diver Has ‘Child Bride’ (His Girlfriend Is 40)
Shirley O’Connor, Unsworth’s sister, stated that the cave rescue hero was currently traveling to Thailand and was unlikely to have heard of Musk’s latest accusations. “Vernon will wake up to this rubbish,” stated O’Connor, “He is on his way to Thailand now. He flew out last night. He has no idea about what Musk has said.” … [Read more...] about Elon Musk Says Thailand Rescue Diver Has ‘Child Bride’ (His Girlfriend Is 40)
SEC Sues Elon Musk, Seeks to Bar Him from Running a Publicly Traded Company
The Securities and Exchange Commission (SEC) Thursday accused Tesla chief Elon Musk of making false and misleading statements in August when he tweeted that he was “virtually certain” that he could take the electric car company private. The SEC has asked the court to bar Musk from as a director or officer of a public company, which would mean he would have to step down as the head of Tesla. It is also seeking monetary fines and penalties. … [Read more...] about SEC Sues Elon Musk, Seeks to Bar Him from Running a Publicly Traded Company
Elon Musk ‘does not respect’ US regulator
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