SEC
Tesla Increased its Workforce by a Whopping 40% in 2021
Tesla has also continually added more employees to its workforce than other automakers, as revealed in its latest filing with the SEC. Tesla hired 28,533 new full-time employees in 2021, marking a whopping 40.3 percent increase in the automaker’s workforce, according to MarketWatch. The figure was revealed in a 10-K filing with the Securities and […]
NHTSA Removes Safety Advisor ‘Missy’ Cummings from Tesla-Related Matters: Report
Late last year, a lawyer for Elon Musk’s Tesla Inc. allegedly called Cooley LLP to demand that the law firm fire one of its employees or it would lose the electric vehicle (EV) giant’s business, according to a report from The Wall Street Journal citing people familiar with the matter. The individual in question is […]
Nikola Agrees to Pay $125 Million SEC Fine; Delivers First Electric Semis
According to CNN Business, electric vehicle (EV) startup Nikola has agreed to pay a $125 million USD fine to settle charges brought by the U.S. Securities and Exchange Commission (SEC) alleging that the company let its founder, Trevor Milton, defraud investors. Milton resigned as executive chairman of Nikola in September 2020 after several deceptions pertaining to […]
Lucid Motors Receives Subpoena From the SEC, Shares Fall
The U.S. Securities and Exchange Commission (SEC) has ordered California electric vehicle (EV) manufacturer Lucid Motors to represent itself in court, as shown in a new report. Lucid Motors received a subpoena from the SEC this week, regarding its blank-check acquisition deal made earlier this year, according to a regulatory filing shared by the automaker […]
Tesla Facing SEC Investigation After Whistleblower Complaints on Solar Panels
The U.S. Securities and Exchange Commission (SEC) has had its run-ins with Tesla CEO Elon Musk before, but now a new report shows that the regulatory agency is officially probing the automaker over its solar division. The SEC has opened a formal investigation into Tesla, after a whistleblower reported that the company did not adequately […]
Tesla Failed to Enforce Rules on Elon Musk’s Tweets, Says SEC
Last year, the U.S. Securities and Exchange Commission (SEC) told Tesla CEO Elon Musk that his use of Twitter had violated a court-ordered policy requiring his tweets to be preapproved by company lawyers, according to the Wall Street Journal. The news also comes after Musk settled an enforcement in 2018, which alleged that Musk had […]
Tesla Now Worth Over $224 Billion, Elon Musk Taunts SEC Again
There are many powerful and influential organizations out there, and it’s natural to compare their market capitalizations to understand how the market might be shifting. It appears as though Tesla is, as of right now, the most valuable carmaker in the world. The company is worth more than Toyota, but it’s also worth more than […]
