The SEC disclosed a new lawsuit against Tesla CEO Elon Musk over late disclosure of Twitter stock purchases in 2022.
Thanks to this new update, those lengthy charging sessions are being drastically reduced. Tesla rolls out game-changing charging update for drivers across the US — here's what you need to know first appeared on The Cool Down.
The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 purchase of the social network.
Elon Musk is facing a lawsuit from the SEC for allegedly not properly disclosing his ownership of Twitter, which allowed him to acquire shares at lowe
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Tesla has been at the top of the electric vehicle segment for a while now, but its influence could be waning as a result of politics and competition.
The Securities and Exchange Commission sued Tesla CEO Elon Musk for allegedly delaying a disclosure of a stake in Twitter—allowing him to "underpay by at least $150 million for shares he purchased after his beneficial ownership report was due.
Brand new inventory of the Cybertruck is already being marked down by well over $1,000 each after just one quarter of its entry AWD version having gone on sale.
Musk's legal representative Alex Spiro dismissed the SEC's case as a tiny procedural point and called it a 'ticky tack complaint' saying that the agency's why harassment.' Musk ['s] actions are the opposite of overreach, said Spiro, and he had 'done nothing wrong.'
According to the SEC complaint, Musk didn’t follow disclosure rules, “allowing him to underpay by at least $150 million for shares he purchased after his financial beneficial ownership report was due.
Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter,
Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.