I have long thought that it was only a matter of time before somebody filed a securities class action lawsuit based on disclosures made through social media. I knew we were going to see that lawsuit someday or other. Well, the day has arrived. On Friday, August 10, 2018, two Tesla investors each filed separate securities class action lawsuits against…
And the big question is where the money to take Tesla private would come from. Despite Musk’s apparent confidence he has a deal lined up, the statement by those half-dozen board members appeared to suggest they weren’t yet in the know. That’s backed up by a Reuters report that noted Thursday, “While Tesla’s board has held multiple discussions about the…
That’s the advice of John Coffee, a securities law professor at Columbia University Law School in New York City, who along with the rest of the investing world remains clueless about what Musk meant when he said he had “funding secured” for a buyout that would take the electric car company private. Tesla’s market value would be about $70 billion…
The Securities and Exchange Commission investigated Tesla over the way it was selling its Model 3 sedan, but the company failed to tell investors about the probe, and may still be under federal investigation, according to a new report. The firm led by CEO Elon Musk was under formal investigation by the securities regulator from June 2016 to May 2017, according…
Tesla Motors Inc. has come under fire from the Securities and Exchange Commission for using prohibited accounting metrics and sharing that information with investors, according to regulatory correspondence. via SEC Criticizes Tesla Over ‘Tailored’ Accounting – WSJ