United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Tesla Slips On Musk Mistake

Video Credit: Wochit - Duration: 00:49s - Published < > Embed
Tesla Slips On Musk Mistake

Tesla Slips On Musk Mistake

Tesla CEO Elon Musk violated the terms of his agreement with the Securities and Exchange Commission, the agency said in a court filing Monday.

In a tweet last week, Musk said Tesla would produce 500,000 vehicles this year.

He later corrected himself and said it would make only about 400,000.

Tesla weathered a rocky few months in the wake of Musk's tweets in August that he had " funding secured" for a deal to take Tesla private at $420 a share.

As part of his settlementwith the SEC, Tesla is supposed to preapprove all of his communications with shareholders that include "material" information about the company.


You Might Like

Recent related videos from verified sources

Musk v. SEC Isn't Impacting Tesla Stock Yet -- Here's When it Will [Video]Musk v. SEC Isn't Impacting Tesla Stock Yet -- Here's When it Will

If the SEC wants Musk to be ordered out of his position as CEO (he's no longer chairman), that could be an issue for Tesla, as the wild and rebellious Musk -- whom TheStreet had a front row seat to..

Credit: The Street     Duration: 01:53Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.