An Interest In:
Web News this Week
- March 23, 2024
- March 22, 2024
- March 21, 2024
- March 20, 2024
- March 19, 2024
- March 18, 2024
- March 17, 2024
The SEC is looking into Musk's 'going private' tweet, report claims
Well, this didn't take long.
According to a report by the Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) is looking into Tesla CEO Elon Musk's recent tweets, in which he announced that Tesla is looking to go private.
The report, which cites people familiar with the matter, claims that the SEC is particularly interested in whether Musk's tweet was based on facts at the time of publishing.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
On Tuesday, Musk tweeted that he's "considering" taking the company private at the stock price of $420, roughly 20% above its trading price at the time and valuing the company at over $70 billion. He also tweeted that funding is "secured" and that investor support is "confirmed." The tweet sent the company's stock price soaring 11% before trading was briefly halted. Read more...
More about Twitter, Tesla, Elon Musk, Sec, and TechOriginal Link: http://feeds.mashable.com/~r/mashable/tech/~3/YGSaarupWV4/
Mashable
Mashable is the top source for news in social and digital media, technology and web culture.More About this Source Visit Mashable