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U.S. Justice Department probes Musk statement on taking Tesla private
2 monthes ago - By Reuters
Tesla Inc said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk's public statements in August that he was considering taking the electric carmaker private, the latest and biggest threat to Musk and his leadership of the electric car maker.
Read more ...More Elon Musk Twitter fallout: Tesla stock sinks on DOJ reports
2 monthes ago - By Fast Company
Shares of Tesla cratered today.
What's the opposite of a gift that keeps on giving?
Read more ...DoJ requests documents related to Musk statement on taking Tesla private
2 monthes ago - By Reuters
Tesla Inc said on Tuesday it received a request for documents from the U.S. Department of Justice over Chief Executive Elon Musk's public statements in August about taking the electric carmaker private.
Read more ...Tesla Says It Is Cooperating With Justice Dept. Inquiry
2 monthes ago - By NY Times
The company said the department requested documents after its chief executive, Elon Musk, said he had “funding secured” to take its stock off public markets.
Read more ...'Maybe we'll both be on it': Elon Musk said he'd consider flying around the moon in a giant SpaceX ship with a Japanese billionaire and a crew of artists
2 monthes ago - By Business Insider
Elon Musk , founder of the rocket company SpaceX , announced on Monday that Yusaku Maezawa is slated to become the first private passenger on a voyage to the moon.
Maezawa , a Japanese billionaire and art collector, purchased all the seats on SpaceX's first lunar mission - an investment that's helping fund the development of a giant new launch system called Big Falcon Rocket.
Up to eight artists may join Maezawa on the roughly week-long " dearMoon" mission.
However, Maezawa has also invited Musk himself to go. Musk hasn't said no, but "maybe."
LOS ANGELES, California - Inside SpaceX's...
Read more ...The first tourist to fly around the moon on SpaceX's new rocket ship bought all the seats for artists - and Elon Musk said it restored his faith in humanity
2 monthes ago - By Business Insider
On Monday, Elon Musk announced the first passenger for SpaceX's first tourist flight around the moon: Japanese billionaire and art collector Yusaku Maezawa.
Maezawa bought all the seats on the flight - which will use SpaceX's Big Falcon Rocket launch system - in order to invite artists to accompany him on the journey.
He wants these artists, who will come from a variety of fields but haven't been selected yet, to create art that will inspire humanity after the trip.
Maezawa is calling the project dearMoon.
For inspiration, humanity has always looked up.
We've gazed at the moon and stars...
Read more ...Tesla facing Justice Department investigation over Elon Musk tweets
2 monthes ago - By Washington Post
The electric automaker is also facing a Securities and Exchange Commission investigation and multiple shareholder lawsuits over chief Elon Musk's tweets last month that he had the “funding secured” to complete a major deal.
Read more ...Tesla Said to Be Facing Criminal Probe Over Elon Musk Statements
2 monthes ago - By Fortune
Tesla Inc. is under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk, according to two people familiar with the matter. The criminal probe is running alongside a previously reported civil inquiry by securities regulators.
Federal prosecutors opened a fraud investigation after Musk tweeted last month that he was contemplating taking Tesla private and had "funding secured" for the deal, said the people, who were granted anonymity to discuss a confidential criminal probe. The tweet initially sent the company's shares...
Read more ...Tesla, Musk face criminal probe over go-private statements: Bloomberg
2 monthes ago - By Reuters
Tesla Inc and its Chief Executive Elon Musk are under criminal investigation by the U.S. Department of Justice over public statements about taking the electric carmaker private, Bloomberg reported on Tuesday.
Read more ...DOJ launches investigation into Tesla, Elon Musk's tweets
2 monthes ago - By Tech Crunch
Tesla's stock is down 5 percent this morning after news emerged the U.S. Department of Justice had launched a criminal investigation into CEO Elon Musk's Aug. 7 tweets about taking the company private. The criminal probe is in addition to the previously reported Securities and Exchange Commission investigation into the electric car company.
We've reached out to Tesla for comment.
Musk has since retracted those statements , or tweets rather, after speaking with shareholders and investigating the process, realizing the best path forward for the company was to remain private. Here's an...
Read more ...DOJ reportedly slams Tesla with criminal probe after Elon Musk's 'funding secured' tweet
2 monthes ago - By Business Insider
Tesla is facing a criminal probe from the US attorney's office in the Northern District of California over CEO Elon Musk 's statements about taking Tesla private, Bloomberg reports.
Tesla and the US attorney's office in the Northern District of California did not immediately respond to requests for comment.
According to Bloomberg, the probe was opened last month after Musk tweeted that he was considering taking Tesla private and had the "funding secured" to do so.
The investigation is reportedly at an early stage, and criminal probes do not necessarily lead to enforcement actions.
Tesla is...
Read more ...Tesla plunges after report says US has launched a criminal probe over Elon Musk's statements
2 monthes ago - By Business Insider
Tesla is now facing a criminal inquiry over CEO Elon Musk's go-private tweets, Bloomberg News reported Tuesday.
Shares of the electric-car company sharply fell as much as 6% following the report.
Follow Tesla's stock price in real-time here.
Shares of Tesla fell as much as 6% Tuesday after Bloomberg News reported that the company was under investigation by the US Department of Justice over CEO Elon Musk's public statements, citing two sources familiar with the matter.
The criminal probe comes one month after federal prosecutors also opened a fraud investigation relating to the...
Read more ...Tesla faces criminal probe over CEO Musk's statements: Bloomberg
2 monthes ago - By Reuters
Tesla Inc is under investigation by the U.S. Department of Justice over public statements made by the company and its Chief Executive Elon Musk, Bloomberg reported on Tuesday, citing two people familiar with the matter.
Read more ...Elon Musk said Tesla is almost finished testing a feature that owners have wanted for months
2 monthes ago - By Business Insider
Tesla CEO Elon Musk said on Monday via Twitter that the company is in the final stages of testing a dashboard camera for its vehicles.
After a Tesla owner asked when the feature would arrive, Musk said it would be included in the next version of Tesla's semi-autonomous Autopilot system, which he has suggested will begin rolling out this month.
Musk later clarified that the dashcam will debut in a beta version and receive improvements via software updates.
Tesla CEO Elon Musk said on Monday via Twitter that the company is in the final stages of testing a dashboard camera for its...
Read more ...Did Saudi Arabia Just Troll Elon Musk's Tesla?
2 monthes ago - By Forbes
Just 1 month after Tesla CEO Elon Musk claimed that he secured funding from Saudi Arabia to take his company private, the Saudis invest in rival EV start-up Lucid.
Read more ...With Elon Musk's moonshot, nothing is guaranteed
2 monthes ago - By Washington Post
Musk wants to send a Japanese billionaire and several artists on a trip around the moon, but there are many questions about cost and timing.
Read more ...
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