Tesla and CEO Elon Musk are facing dozens of lawsuits and investigations, according to public filings.
Among Tesla's most recent legal woes, the Securities and Exchange Commission has filed a motion to hold Musk in contempt of court. The financial regulators argue that Musk violated the agreementthey finalized with him and Tesla in October 2018 requiring the CEO to submit his tweets for review by the company's in-house counsel if they contained material business information and could potentially affect the company's stock price.
Beyond the contempt case, here are some of the other cases and investigations Tesla and Musk are facing that could most impact the company. By way of comparison, Greenspan says he found only 1 securities lawsuit against Ford Motor Company filed since 2016, and only 4 since 1996, although this does not include all Ford subsidiaries.
Crazy
Only 300 more lawsuits to go! Bullish! $TSLA
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Elon Musk defends his Tesla tweets and says SEC is overreachingElon Musk told a judge that a pair of tweets he sent last month about Tesla weren’t improper, pushing against a request by the U.S. Securities and Exchange Commission to hold him in contempt for violating earlier restrictions on his social media posts. When you are rich you can say or do anything.... Hmm, surely is stepping on some toes... is it the gas/oil lobby?!? elonmusk The SEC is displaying obvious bias against Elon Musk and instead of helping to promote businesses in this case has gone way out of their lane to make a big deal out of a statement made that anyone can see was nothing more than one of being proud of future success.
Source: latimes - 🏆 11. / 82 Read more »
Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judgeChief Executive Elon Musk has never sought pre-approval for a single tweet about... You can't put a leash on this mad lad Does pResident Trump seek approval from ANYONE for any of his tweets! one judge’s ruling is another judge’s strike down
Source: Reuters - 🏆 2. / 97 Read more »
SEC Slams Elon Musk For Failing To Have ‘A Single’ Tesla Tweet CheckedThe stock market regulator doubles down on a request that a federal judge in the case find the colorful billionaire in contempt of an October 2018 settlement. Interesting because they have been already preapproved in previous publications by tesla, tesla earnings calls, announcements, etc. Musk is Tesla you dummies
Source: Forbes - 🏆 394. / 53 Read more »
Elon Musk shoots down U.S. regulator's complaint about his Tesla tweetWATCH: Elon Musk shoots down U.S. regulator's complaint about his Tesla tweet via ReutersTV TV TheJusticeDept GOP DNC WhiteHouse IMO they are not going to stop until they destroy elonmusk & steal all Tesla Tech+IP for the shorters & speculators behind CNBC Cramer & his gangsters. Everybody knows they are in collusion w/ some inside SEC. What a sad day for America. TV Has any seen realDonaldTrump and elonmusk in the same room together? TV The SEC thinks they are above the law. A lot of blood, sweat, and tears behind the bill of rights, and they think they can trample it over a grudge. Shame on the SEC, they are supposed to protect the shareholders, not destroy wealthy over an immaterial tweet after trading hours.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. SEC wants to respond to Elon Musk's defense of Tesla tweetThe top U.S. securities regulator on Tuesday sought permission from a judge to r... I do not like these sorts of people. They are thieves. Tesla is a disruptive company. Ideas come fast, some bad mostly good. Can't wait for the old style drawn out way of doing business. If bad idea change it immediately It seems as though the SEC has deep ties to petroleum based companies stemming from standard oil, Henry Ford etc. who intentionally ripped out our public electric transportation systems so we’d be forced to buy automobiles and become slaves to oil. Elon is disrupting the paradigm
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Elon Musk's defense of his Tesla tweet will get SEC responseThe top U.S. securities regulator received permission from a federal judge on Tu... Tesla really needs to get rid of him at this point. ........yes master.....we hear and obey master........ fail
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Elon Musk's defense of his controversial Tesla tweet will get an official response from the SECThe federal regulator has until March 19 to file a brief. ....official....watered down....response.... Toothless As a shareholder, I am confused as to why an agency designed to protect my holdings feels the need to destroy wealth and ignore the first amendment
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SEC Gets To Rebut ‘Factual Assertions’ By Elon Musk’s Lawyers In Tesla CaseA federal judge overseeing a legal settlement between the SEC and Tesla CEO Elon Musk wasted little time in saying she’ll allow the regulator to respond to “new factual assertions” made by the colorful billionaire’s lawyers What can you do to him? You can’t take him to jail! Just another short story in this guys life novel
Source: Forbes - 🏆 394. / 53 Read more »
Judge Says SEC Can Have A Crack At Statements By Elon Musk’s LawyersA federal judge must determine if Musk is in contempt of the settlement and, if so, whether to punish him with a warning, a fine or even removal as Tesla CEO.
Source: Forbes - 🏆 394. / 53 Read more »