Elon Musk, SEC to take time to resolve..
As the Tesla Inc. go-private saga enters its ninth day, many are wondering when regulators will decide whether Elon Musk broke the rules by dripping out details so haphazardly.
History suggests it might take a while.
At the center of the Tesla controversy is what Musk meant when he tweeted Aug. 7 that he had secured funding for a buyout without providing any specifics to back up the claim. Almost a week later he said his confidence was based on conversations with a Saudi Arabian sovereign wealth fund, which had long expressed interest in taking the company private.
Filed under: Earnings/Financials,Government/Legal,Green,Tesla
Continue reading Musk's small-investor army cheers approval of his multibillion-dollar pay package
Musk's small-investor army cheers approval of his multibillion-dollar pay package originally appeared on Autoblog on Thu, 13 Jun 2024 16:36:00 EDT. Please see our terms for use of feeds.
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