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(Reuters) -U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three ...
The SEC fined Musk $20 million and said his tweets about Tesla would need to be vetted by a company lawyer. Musk sought to have the latter provision overturned but lost that court case , which ...
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The SEC also charged Tesla with failing to have adequate controls and procedures in place regarding Musk's tweets. [15] Musk settled the fraud charges with the SEC in 2018, agreeing to pay a $20 million fine and stepping down as Tesla's chairman. [16] Tesla also agreed to pay a $20 million fine and put in place additional controls to oversee ...
The U.S. Securities and Exchange Commission filed a lawsuit on Thursday against Tesla Inc Chief Executive Elon Musk.
Elon Musk initially threatened to resign if Tesla's board accepted a settlement offered by the Securities and Exchange Commission, the New York Times reports. The SEC filed a lawsuit against the ...
In early March 2016, a report by Stuff magazine said that test performed by VICOM, Ltd on behalf of Singapore's Land Transport Authority had found a 2014 Tesla Model S to be consuming 444 Wh/km (0.715 kW⋅h/mi), [80] [81] which was greater than the 236 watt-hours per kilometre (0.38 kW⋅h/mi) reported by the U.S. Environmental Protection ...
UPDATE, 9/29/18, 6:00 p.m.: Elon Musk has agreed to step aside as Tesla board chairman in a settlement with the U.S. Securities and Exchange Commission. Tesla will also pay a $20 million fine and ...