Tesla Finds Trouble Again

SEC Sues Elon Musk for Fraud

Elon Musk, Tesla’s chief executive, was accused by federal regulators on Thursday of misleading investors with false public statements, a move that could force him out of the company’s leadership. At issue is Mr. Musk’s declaration on Twitter last month that he had “funding secured” to buy out the stock of the electric-car maker...

By | September, 28, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

Justice Department Looks Under the Hood

In Musk We Trust?

Tesla Inc. on Tuesday said the Justice Department has opened an investigation into the company following Chief Executive Elon Musk’s surprise tweet in August that he had secured funding to possibly take the electric-car maker private...

By | September, 19, 2018|Categories: Articles, Featured|Tags: , , , , , , , , , |0 Comments

Tesla Troubles?

SEC Looking at Musk

U.S. regulators are asking Tesla Inc. whether Chief Executive Elon Musk was truthful when he tweeted that he had secured funding for what would be the largest-ever corporate buyout, people familiar with the matter said. Officials at the Securities and Exchange Commission want to know whether Mr. Musk had a factual basis for tweeting Tuesday that the going-private transaction was all but certain...

By | August, 9, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

What’s Next for Tesla?

Mixed Results for Tesla

Tesla Inc. reassured investors it would achieve a profit later this year, as a rush of Model 3 sales in the second quarter helped the electric-car maker burn less cash than expected. The results, which sent Tesla’s shares soaring in after-hours trading Wednesday, should give Chief Executive Elon Musk some wiggle room...

By | August, 2, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

Tencent Burning Cash on Tesla

Chinese Tech Giant Buys 5% of Tesla

Tesla Inc. got a huge backing from Chinese Internet giant Tencent Holdings Ltd., whose purchase of a 5% stake boosts Elon Musk's ambitions to get his mass-market Model 3 electric sedan to buyers this year. Tencent paid about $1.8 billion for 8.17 million shares through Tesla's recent offering and via open-market purchases...

By | March, 29, 2017|Categories: Articles, Featured|Tags: , , , , , , , , |0 Comments