• Tesla's board seeks more information on Musk's financing plan

    4 monthes ago - By Reuters

    Tesla's board has not yet received a detailed financing plan from CEO Elon Musk, and is seeking more information about how he will take the U.S. electric car maker private in a proposed deal worth $72 billion. Roselle Chen reports.
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  • Elon Musk's 'funding secured' tweet could cost Tesla millions, former SEC chairman says

    Elon Musk's 'funding secured' tweet could cost Tesla millions, former SEC chairman says

    4 monthes ago - By Business Insider

    The SEC is reportedly inquiring into a tweet from Tesla CEO Elon Musk about the potential for the company to go private.
    An inquiry from the SEC does not necessarily mean an investigation will follow, but if the agency does determine one is necessary, it will start by looking at a tweet Musk posted on Tuesday, Harvey Pitt, a former SEC chairman, told Business Insider.
    If Musk is found guilty of misconduct, potential punishments could range from hundreds of millions of dollars in fines to criminal prosecution.
    Nearly three days after Tesla CEO Elon Musk said he had secured the funding...
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