• Tesla sinks after report the SEC has issued subpoenas about Elon Musk's 'funding secured' tweet

    3 monthes ago - By Business Insider

    The Securities and Exchange Commission has issued formal subpoenas to Tesla, Fox Business reported Wednesday.
    Shares of Tesla sank by as much as 4% following the report.
    Follow Tesla's stock price in real-time here.
    Shares of Tesla sank as much as 4% in trading Wednesday as the flurry of news surrounding Elon Musk's plan to take his electric car maker private continued.
    Fox Business reported Wednesday that the US' top equities regulator, the Securities and Exchange Commission, had issues subpoenas to Tesla regarding its privatization plans and Musk's "funding secured" tweet. Reporter...
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  • The SEC reportedly sent subpoenas to Tesla concerning Elon Musk's tweets about taking Tesla private

    The SEC reportedly sent subpoenas to Tesla concerning Elon Musk's tweets about taking Tesla private

    3 monthes ago - By Business Insider

    The Securities and Exchange Commission has sent subpoenas to Tesla concerning the company's plans to explore going private and CEO Elon Musk's statements about the process, Fox Business reports.
    Fox Business reporter Charles Gasparino said on Twitter that sources suggested the agency was moving into a formal investigation of Tesla.
    The Wall Street Journal reported last Wednesday that the SEC had made an inquiry into Tesla about whether one of Musk's tweets regarding the possibility of taking the company private was truthful. And on Thursday, Bloomberg reported that the agency was...
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  • Tesla Drops on Report of SEC Subpoena Over Elon Musk's Go-Private Plan

    Tesla Drops on Report of SEC Subpoena Over Elon Musk's Go-Private Plan

    3 monthes ago - By Fortune

    Tesla Inc. fell after a report said the U.S. Securities and Exchange Commission sent a subpoena to the electric-car maker regarding Elon Musk's plans to take it private and his claim to have had "funding secured" for the deal.
    Wednesday's drop of as much as 4.5 percent wiped out last week's advance fueled by Musk's tweets and reports that Saudi Arabia's wealth fund bought a stake in the company. Fox Business reported that the SEC sent the subpoena, citing sources it didn't identify, and said it signaled the agency's investigation had reached the formal stages.
    SEC spokeswoman Judith Burns...
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  • SEC subpoenas Tesla over Musk's tweets: Fox News

    3 monthes ago - By Reuters

    The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding its privatization plans and Chief Executive Officer Elon Musk's statement "funding secured", Fox News tweeted on Wednesday, citing sources.
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