Report: SEC Subpoenas Tesla About CEO's Buyout Plans
The Wall Street Journal is reporting that government regulators have subpoenaed Tesla as they dig deeper into CEO Elon Musk's recent disclosure about a potential buyout of the electric car maker.
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The Wall Street Journal is reporting that government regulators have subpoenaed Tesla as they dig deeper into CEO Elon Musk's recent disclosure about a potential buyout of the electric car maker.
The company's directors said Tuesday that they had formed a special committee of three independent board members to study the proposal.
Elon Musk, who tweeted last week that he had "funding secured" to take Tesla private, says he was referring to conversations he had with the Saudi sovereign wealth fund.
Tesla founder and CEO Elon Musk used Twitter to taunt investors who have bet against his company, even though his previous Twitter comments have spurred a government investigation.
Tesla CEO Elon Musk is seeking to take his company private with a $72 billion buyout but he may be acquiring new headaches with his peculiar handling of the proposed deal.
Board members at Tesla are evaluating CEO and Chairman Elon Musk's $72 billion proposal to take the electric car and solar panel maker private.
Elon Musk took to social media Tuesday, sending a jolt to Wall Street by tweeting he was considering taking Tesla private at $420 a share.
Tesla posted an email to employees from CEO Elon Musk on Tuesday afternoon. About three hours earlier, Musk started a firestorm when he tweeted that he had secured funding to take the company private.
A former Tesla Inc. employee at the electric car maker's battery plant in Nevada is seeking at least $1 million in defamation damages.
Tesla burned through $739.5 million in cash last quarter as it geared up a factory to crank out more electric cars, leading to a $717.5 million net loss.
Wednesday, investors will get to find out the potential consequences to meeting that production goal.
Shares of Tesla tumbled Monday on reports that the company asked suppliers for refunds to help it turn a profit.
There's new trouble for Tesla and its Model 3 sedan. Refunds from pre-orders are now outpacing deposits.
Keith Reynolds flew from California to Atlanta so he could claim his spot in line at 4 a.m., and get a three-hour head start on his West Coast competitors for a Tesla Model 3.
Elon Musk has apologized for calling one of the men involved in the Thai cave rescue mission a "pedo."
Once again, Elon Musk is in the middle of a controversy of his own making. And he may be testing investors' patience.
Vern Unsworth says he is considering legal action against US billionaire Elon Musk after he made an unfounded and disparaging claim he was a "pedo", or pedophile, in a now-deleted tweet.
Billionaire tech entrepreneur Elon Musk broadcast to his 22 million social media followers on Sunday an unfounded and disparaging claim about an expert caver who criticized a miniature submarine he made.
Tesla Inc. says its customers won't get the full $7,500 federal electric vehicle tax credit after Dec. 31.
A former Tesla employee who calls himself a whistleblower has filed a formal tip with the Securities and Exchange Commission that alleges Elon Musk's electric car start-up misled investors and put its customers at risk.
Bay Area electric car producer Tesla says it will build its first factory outside the United States in Shanghai.
Musk tweeted late Sunday that Tesla's team produced 7,000 cars in seven days.
After missing two previous production goals, Musk has told investors the company will be making 5,000 Model 3s per week by about this time of year.
A Tesla Model S electric car that crashed and burned last month in Florida, killing two teenagers, was traveling 116 miles per hour three seconds before impact and only slowed to 86 mpg as the air bags were inflated, according to federal investigators.
A former employee hacked into computers at Tesla's Nevada battery factory, stole confidential information and combined it with falsehoods in leaks to the media.
