Elon Musk isn't being held accountable for his 'mistruths,' and the Tesla CEO should list his company's shares in Germany where regulations are loose, short-seller Carson Block says.
Elon Musk isn't being held accountable for his"mistruths," and the Tesla CEO should list his company's shares in Germany, where regulations are loose, short-seller and Musk critic Carson Block contended Friday.
Shares of Tesla closed down $7.84 per share on Friday to $294.79, a day after Musk said Tesla won't turn a profit during the first quarter as it works to deliver its midsize Model 3 sedan at a more affordable price tag of $35,000. Earlier in the week, Musk lashed out against the Securities and Exchange Commission on Twitter after the agency asked a judge to hold Musk in contempt for violating a settlement deal. The SEC had settled charges with Musk and Tesla over the CEO's aborted bid via Twitter to take the company private last August. The agreement included getting preapproval for tweets.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Elon Musk Should List Tesla Shares In GermanyInstead of taking Tesla private, Elon should list Tesla in Germany. In Germany he can have regulatory carte blanche, and can tweet anything he wants with no retribution – no matter how fraudulent. Moreover, short sellers and press critics would likely be investigated the moment they speak out.
Read more »
Why Elon Musk Should List Tesla Shares In GermanyInstead of taking Tesla private, Elon should list Tesla in Germany. In Germany he can have regulatory carte blanche, and can tweet anything he wants with no retribution – no matter how fraudulent. Moreover, short sellers and press critics would likely be investigated the moment they speak out.
Read more »
Maxwell Investors sue to block Tesla acquisitionMaxwell makes components for electric batteries using a process that is significantly cheaper than those commonly used in the industry.
Read more »
Tesla's Musk ordered to respond to SEC contempt motion by March 11A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explai...
Read more »
SEC asks judge to hold Tesla CEO Elon Musk in contempt for violating dealElon Musk and the SEC are battling it out again, with the SEC asking a judge to hold the Tesla CEO in contempt following his tweets on the company's manufacturing numbers. Here's what five experts say to watch next:
Read more »
Musk might just talk himself into a Tesla buyoutThe electric-car maker’s CEO and the SEC are in battle again over a recent tweet. At worst, the watchdog could force him out. But what then? Tesla’s stock would tumble, putting the firm in play – and potentially letting Musk revive the takeover idea that first got him in trouble.
Read more »
Tesla's Musk must address SEC contempt bid as he calls agency 'broken'A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explai...
Read more »
Tesla slides after the SEC says Elon Musk violated his settlement with the agencyTesla fell 3.14% to $289.40 a share early Tuesday after the SEC said CEO Elon Musk violated the terms of his agreement with the agency.
Read more »
'How embarrassing': Elon Musk fired back at the SEC in latest fight over Tesla production numbersThe SEC claims Elon Musk violated his settlement with the agency when he tweeted about Tesla's 2019 production numbers.
Read more »