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Browse: Home / Musk

Musk

U.S. judge says Musk recklessly tweeted that ‘funding secured’ for taking Tesla private | Reuters

By Securities Docket on May 11, 2022, 5:21 pm

A U.S. judge has determined that Elon Musk’s 2018 tweets that funding had been secured to take electric car maker Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. San Francisco-based U.S. District Judge Edward Chen’s pre-trial decision represented a major victory […]

Posted in Industry, SEC, Top | Tagged Musk

Musk’s “Take Private” Tweets Held Actionable | The D&O Diary

By Securities Docket on April 16, 2020, 8:21 pm

In a now infamous August 7, 2018 post on his Twitter account, Tesla CEO Elon Musk stated that he was “considering taking Tesla private at $420. Funding secured.” This post and several subsequent messages ultimately were the subject of an SEC enforcement proceeding (later settled) as well as several securities class action lawsuits (later consolidated). […]

Posted in SEC, Top | Tagged Musk, Tesla

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