SEC looking into Musk family insider trading
The US Securities and Exchange Commission (SEC) is investigating whether share sales by Elon Musk and his brother Kimbal Musk “violated insider trading rules”.
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Faraday Future admits to inflating reservation numbers
California-based electric car startup Faraday Future has admitted in a filing with the US Securities and Exchange Commission (SEC) that earlier statements that it had received more than 14,000 reservations for its debut model FF 91 “may have been misleading”.
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Tesla fined in Germany over battery take-back
Tesla has been ordered to pay a fine of twelve million euros in Germany. The fine is to cover violations of the obligation to take back battery products. Tesla has already lodged an appeal against the decision.
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Tesla notes market drop in the USA, China sales surge
Just a few days after Tesla presented surprisingly good quarterly figures, the electric car company is now showing details on regional business development in a press release to the SEC.
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Elon Musk & SEC reach social media agreement
Twitter, Elon and the courts: Tesla CEO Elon Musk and the US SEC have reached an agreement in the bizarre legal battle surrounding his use of Twitter for company statements. The judge has now decided that Musk may no longer use his “personal” platform to publish information that could affect Tesla’s stock value, including production […]
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SEC and Tesla asked to play nice
In the next round of the row between the SEC and Tesla CEO Elon Musk about his tweeting habits, the presiding judge Alison Nathan has asked the concerned parties to “put your reasonableness pants on” and find a solution in the next two weeks.
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Murdoch under consideration for new Tesla chairman
James Murdoch, son of the media mogul Rupert Murdoch is currently being considered to replace Elon Musk as the Tesla chairman, according to the Financial Times. Tesla CEO Musk was quick to deny the claim on twitter, though.
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Elon Musk steps down as chairman of Tesla
A settlement was made in the pending Securities and Exchange Commission (SEC) case against Elon Musk regarding his privatisation tweet – Musk will have to step down from his position as chairman of Tesla for three years and he and Tesla will each pay a $20 million fine.
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Tesla faces probes over Musk’s plan to take it private
The U.S. Justice Department are investigating Tesla after CEO Elon Musk had stated publicly his plan to take the company private. He has since revoked the statement but has been asked to hand in supporting documents.
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Nio battling entry problems to stock market
The Chinese EV startup Nio has encountered some issues with their planned entry to the stock market. The SEC has revealed potential delay in deliveries and low reservation numbers.
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Tesla sabotage situation escalates further
The employee fired due to sabotage is blowing the whistle ever louder. His SEC law suit sees him claiming that Tesla knowingly installed defective batteries and tampered with production numbers.
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SCE proposes $760M electric car charging expansion
Southern California Edison is pushing for a mayor expansion of their running infrastructure pilot Charge Ready. A new proposal includes 48,000 additional charging points in a 760 million dollar programme but with the utility operating alone, approval is uncertain.
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