The U.S. Securities and Exchange Commission (SEC) has launched a probe into Elon Musk for his role in directing the branding around Tesla’s self-driving car ambitions — reports Bloomberg. According to the publication, the efforts are part of the regulator’s ongoing investigation into Tesla’s claims surrounding its Autopilot and Full Self-Driving (FSD) features. SEC officials […]
Tesla’s Elon Musk is preparing to head to trial with Twitter next month, though another court battle shows the billionaire entrepreneur calling out a federal agency for allegedly stifling his free speech in a separate case. Musk’s lawyers are claiming that the Securities and Exchange Commission (SEC) has imposed a “muzzle” on the CEO’s speech […]
U.S. automaker Tesla is facing yet another subpoena from one of the country’s major financial regulators, as shown in a filing shared by the company on Monday. Tesla revealed details about a new subpoena from the Securities and Exchange Commission (SEC) in a regulatory filing on Monday, along with information about the automaker’s Bitcoin sales […]
Tesla CEO Elon Musk on Thursday spoke at the 2022 TED Talk in Vancouver, B.C., Canada. Interviewer Chris Anderson — the head of TED — asked Musk about everything from Tesla’s future to his $43 billion USD offer to buy social media platform Twitter. Anderson touched a bit upon Tesla’s past as well, asking the […]
Tesla CEO Elon Musk is facing a lawsuit from a Twitter shareholder claiming his delay to disclose the purchase of the stake, manipulated the market. Musk is being sued by Twitter shareholder Marc Bain Rasella, who has alleged the CEO didn’t disclose the ownership of over 5 percent stake in the social media company immediately, […]
A federal judge on Friday approved the U.S. Securities and Exchange Commission’s (SEC) plans to distribute $40 million USD from the regulator’s 2018 settlements with Tesla and company CEO Elon Musk to the electric vehicle (EV) pioneer’s investors — reports Reuters. The news comes after the SEC said earlier this month that it was going to […]
The top securities regulator in the U.S. called out Tesla CEO Elon Musk this week, saying he needs to remain in compliance with advanced approval for his use of Twitter. A filing with a federal court in Manhattan on Tuesday shows that the Securities and Exchange Commission (SEC) has asked Musk to remain bound to […]
The U.S. Securities and Exchange Commission (SEC) requested permission from a judge to pay out $40 million to investors from a 2018 civil settlement with Elon Musk and Tesla, according to Reuters. The news came after Musk complained that the regulator had “broken its promises” by stalling on the payout of the settlement while harassing […]
The U.S. Securities and Exchange Commission (SEC) has launched a probe into recent stock sales made by Tesla CEO Elon Musk and his brother Kimbal Musk, who is a member of Tesla’s board of directors, to determine whether the pair violated insider trading rules — reports The Wall Street Journal. The investigation reportedly started last year […]
Tesla CEO Elon Musk called a U.S. regulator’s investigation “unfounded” earlier this month, before going on to praise the U.S. Justice Department for a probe into short-sellers. Musk said on Tuesday that he is “greatly encouraged” by the Justice Department’s probe into short-sellers, adding a jab at the Securities and Exchange Commission (SEC) amidst two […]
In a letter written to U.S. District Judge Alison Nathan on Monday, Elon Musk’s attorney said the Securities and Exchange Commission (SEC) leaked information about the ongoing federal investigation as retaliation for the Tesla CEO’s criticism of the regulator, according to CNBC. The investigation refers to an ongoing SEC probe over a 2018 Musk tweet […]
After Tesla on Thursday said that the U.S. Securities and Exchange Commission (SEC) is harassing CEO Elon Musk and the company as a whole with “unfounded investigations”, the government regulator responded to the claims in a letter submitted to a federal judge on Friday — reports CNBC. The Tesla CEO and the SEC have a […]
After Tesla disclosed its subpoena from a U.S. regulator earlier this month, the automaker says its head and company are being harassed by a U.S. regulator. Tesla sent a letter to the Securities and Exchange Commission (SEC) on Thursday saying that U.S. regulatory authorities are harassing company head Elon Musk following a subpoena about a […]
Tesla faces continued legal battles as the company has revealed that it received a subpoena from a U.S. financial regulator last year. The automaker shared that it received a subpoena from the Securities and Exchange Commission (SEC) on Friday, according to its 10-K filing reported by MarketWatch. Tesla said in the filing that the subpoena […]
Head of Tesla Elon Musk has been known for his public support of cryptocurrency, and a new update from the automaker shows that they ended last year with nearly $2 billion in Bitcoin. Tesla said on Monday it ended 2021 holding $1.99 billion in Bitcoin, after purchasing a total of $1.5 billion in the […]
