• Judge approves Elon Musk settlement with SEC

    28 days ago - By Chron

    NEW YORK - A federal judge is approving a settlement between Elon Musk and federal regulators over his infamous tweet about taking Tesla private.
    The Securities and Exchange Commission argued the tweet was misleading and harmed investors who bought stock in the electric car company as a result. The company is not going private.
    Tesla and Musk, the company's CEO, agreed to pay a total of $40 million in fines in the settlement Tuesday. The settlement allows Musk to hold on to his CEO post, but he will give up his seat as Tesla's chairman for at least three years.
    As part of the agreement...
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  • U.S. judge approves SEC settlement with Tesla, Musk; shares jump

    28 days ago - By Reuters

    A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors.
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  • Elon Musk's settlement with the SEC approved by judge, sending shares higher

    28 days ago - By Tech Crunch

    The saga between Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission, which began with a now infamous “funding secured” tweet about taking the electric automaker private, is officially resolved.
    A federal judge has approved Musk's settlement with the SEC over securities fraud allegations. Bloomberg was the first to report the judge's approval.
    Tesla shares jumped more than 4 percent on the news.
    The SEC alleged in a complaint filed in September that Musk lied when he tweeted on August 7 that he had “funding secured” for a private takeover of the company at $420 per share...
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  • U.S. judge approves settlement between SEC, Tesla and Musk

    28 days ago - By Reuters

    A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc and its Chief Executive Officer Elon Musk.
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  • Tesla surges after judge approves Elon Musk's settlement with SEC

    Tesla surges after judge approves Elon Musk's settlement with SEC

    28 days ago - By Business Insider

    Tesla rallied Tuesday morning after a judge approved CEO Elon Musk's settlement over a fraud charge.
    The Securities and Exchange Commission sued Musk last month over allegations that he committed fraud when he said he had "funding secured" to take Tesla private.
    All eyes are on now on the company's third-quarter earnings report later this month.
    Watch Tesla trade in real time here.
    Tesla rallied as much as 5% Tuesday morning after a judge approved CEO Elon Musk's settlement over a fraud charge with the Securities and Exchange Commission.
    The SEC sued Musk , accusing him of making "false...
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