This article traces the tweet that Tesla CEO Elon Musk generated in 2018 that resulted in a SEC penalty and stockholder payout.
Some saw the survey as a crowdsourcing invitation, but others decried it as a manipulation of stock valuation. Quickly afterward, the stock value plunged about $60 million. The survey coincided with Musk’s need to pay extensive tax bills on stock options he held.
over the period, with the lowest point of the period occurring a month later at $52.65 — or a 30% loss.COVID-19 hit the US. In response, the Federal Reserve dropped the federal funds rate to betweenthat its Board of Directors has approved and declared a 5-for-1 split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors.
“In 2018, to settle the SEC’s action against him, Musk agreed to comply with Tesla’s mandatory procedures requiring pre-approval of certain of his Tesla-related public communications,” countered SEC regulator Melissa Armstrong in a filing in the federal court of Manhattan.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
U.S. judge approves SEC payout from Elon Musk, Tesla settlementsA federal judge on Friday authorized the U.S. Securities and Exchange Commission to distribute $40 million from its 2018 settlements with Tesla Inc and Chief Executive Officer Elon Musk, after Musk accused the regulator of dragging its heels.
Les mer »
Shocking Poll: Tesla Owners Want Tesla To Have A Presence In ConnecticutThe Hartford Business Journal recently held a poll asking whether or not Tesla and other car companies should be allowed
Les mer »
On climate, SEC can dictate but market will decideCompanies listed on U.S. markets report all kinds of information they’d rather not – like the chief executive’s salary as a multiple of the average worker’s pay, for example. A new draft proposal from the Securities and Exchange Commission to increase climate-related reporting would add many new items to that list. It’s a legal punch bag in the making. But if the market wants clarity and consistency, the substance of the SEC’s plan will happen even if regulatory fiat fails.
Les mer »
Tesla recalling more than 900 Model S, X and 3 models for rearview camera displayTesla and NHTSA announce a recall for select Model S, Model X and Model 3 electric cars to fix the rearview camera display.
Les mer »
Tesla Could Take Back Europe’s EV MarketTesla’s new German plant is likely to restore the electric-car maker’s momentum in Europe, where it previously had to rely on imports from China, says StephenWilmot WSJWhatsNow
Les mer »
Lawsuit filed against Tesla after fatal crash in ParisThe taxi driver, who has not been named, told police after the accident that the car had accelerated on its own and that he was unable to activate the brakes.
Les mer »