Tag Archives: Automobiles

SEC settlement buoys Tesla share prices

Tesla’s share price jumped today as dramatically as it fell on Sept. 28, thanks largely to this weekend’s settlement of the Securities and Exchange Commission’s complaints against the company and its CEO, Elon Musk. After falling 14 percent on Sept. 28, … Continue reading

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Elon Musk agrees to resign as Tesla chairman

By Todd Bishop and Alan Boyle Elon Musk has agreed to step down as Tesla’s chairman for three years but will remain CEO of the electric car maker, under the terms of documents filed today to settle a securities fraud … Continue reading

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Elon Musk calls SEC charges ‘unjustified’

Update: Elon Musk and Tesla settle with SEC. Tesla’s billionaire CEO and chairman, Elon Musk, is calling the Securities and Exchange Commission’s fraud claims against him “unjustified” after reportedly passing up a settlement deal that would have temporarily forced him from … Continue reading

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SEC charges Tesla’s Elon Musk with securities fraud

Update: Elon Musk and Tesla settle with SEC. The Securities and Exchange Commission has charged Tesla’s billionaire CEO and chairman, Elon Musk, with securities fraud over a series of controversial tweets focusing on the electric-car company’s future financial status. If … Continue reading

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Tesla stock declines after report of criminal probe

Tesla shares fell by as much as 6.5 percent today after Bloomberg News reported that the electric-car company was the subject of a criminal investigation by the Justice Department, focusing on CEO Elon Musk’s claims that he had secured the funding to take … Continue reading

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Microsoft and Kymeta show off connected cars

REDMOND, Wash. — The vehicles sitting in the parking lot here at the headquarters of Kymeta Corp., a flat-panel antenna startup backed by Microsoft co-founder Bill Gates, are a car fan’s dream. But Microsoft’s Scott Montgomery says you have to look under … Continue reading

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Elon Musk says Tesla will remain a public company

After more than two weeks of discussions, Tesla CEO Elon Musk says feedback from shareholders and experts has convinced him that “the better path is for Tesla to remain public” rather than becoming privately held. Musk stirred up the financial world … Continue reading

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