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Join the Securities Litigation and Enforcement Group on LinkedInElon Musk Faces Investors in Court Over Tweet to Take Tesla Private – Bloomberg
Investors who filed suit over Elon Musk’s 2018 tweet stating that he was considering taking Tesla Inc. private are facing a crucial test in court. A federal judge in San Francisco will hear arguments Tuesday over whether Musk was intentionally deceitful when he unveiled the proposal to his millions of Twitter followers and said “funding […]
Musk’s ‘Hardcore’ Tesla Litigation Team Adds Manhattan Lawyer
Tesla Inc. has hired New York trial lawyer Adam Mehes, three months after its top executive Elon Musk vowed to build an in-house litigation team for the electric vehicle manufacturer. Mehes joined Tesla this month as an associate general counsel for litigation in Austin, Texas, according to his LinkedIn profile and registration with the New […]
Tesla Legal Head Who Led Purchasing Probe Has Left Automaker
Tesla Inc. has parted ways with the law department leader heading an internal inquiry into purchase orders at the electric vehicle maker. David Searle left his position as Tesla’s head of legal less than a month ago, according to three people familiar with the matter. Dinna Eskin, a deputy general counsel at the company, has […]
Tesla Sells Majority of Bitcoin After Turbulent Crypto Foray – Bloomberg
Tesla Inc. sold a significant chunk of its Bitcoin holding, an investment that helped legitimize the world’s largest electronic currency. The carmaker had converted roughly 75% of its Bitcoin to fiat currency as of the end of June, adding $936 million of cash to its balance sheet, according to its shareholder letter on second-quarter earnings. […]
Elon Musk loses bid to end ‘Twitter Sitter’ deal with SEC — Tech Xplore
Elon Musk may soon own Twitter Inc. but the billionaire won’t be able to shake his “Twitter Sitter.” A judge on Wednesday rejected Musk’s request to ditch his 2018 deal with the U.S. Securities and Exchange Commission that required a company lawyer to screen all his Tesla Inc.-related tweets. The Tesla CEO, who appears to […]
SEC Probes Trading by Elon Musk and Brother in Wake of Tesla CEO’s Sales – WSJ
The SEC’s investigation began last year after Mr. Musk’s brother sold shares of Tesla valued at $108 million, one day before Mr. Musk polled Twitter users asking whether he should unload 10% of his stake in Tesla and pledging to abide by the vote’s results. Mr. Musk framed the potential sale as a way to […]
SEC Is Running Out of Options to Rein In Elon Musk – WSJ
Many small shareholders revel in Mr. Musk’s willingness to stiff-arm regulators. Others are weary of the spectacle. Ross Gerber, chief executive of Gerber Kawasaki Wealth and Investment Management, a Tesla shareholder, said he would like to see the company’s board of directors step in to moderate Mr. Musk’s behavior on Twitter. “I’m disappointed with the […]
Elon Musk Is Out of Control: It’s the General Counsel’s Fault, Suit Alleges | Corporate Counsel
A newly unsealed lawsuit alleging that Tesla Inc.’s board of directors failed to appoint a general counsel who could stand up to controversial CEO Elon Musk highlights the limited options that company counsel have when dealing with difficult bosses. Tesla investor Chase Gharrity alleges, in a derivative suit filed in the Delaware Court of Chancery, […]
“Technoking of Tesla and Master of Coin”
Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively. Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer. Source: Inline XBRL Viewer
Tesla investor sues Elon Musk, claims tweets violate SEC settlement
Tesla chief executive Elon Musk and the board of the electric car company have been sued by a shareholder who accused Musk of violating his 2018 settlement with the Securities and Exchange Commission over his Twitter use. According to a complaint unsealed late Thursday in Delaware Chancery Court, Musk’s “erratic” tweets, including a post last May […]