Tesla seeks dismissal of suit challenging Musk pay package

DOVER, Del. (AP) — Attorneys for Tesla Inc. asked a Delaware judge Thursday to dismiss shareholders’ complaints over a compensation plan that could net CEO Elon Musk more than $50 billion over the next decade. A shareholder lawsuit filed last June alleges that Musk and Tesla’s board of directors breached their fiduciary duties to the... Read More

Criminal Justice News, News, Technology

Elon Musk, Tesla

April 5, 2019

Tesla CEO Musk gets reprieve in contempt-of-court hearing

NEW YORK (AP) — A judge on Thursday urged stock market regulators and Tesla CEO Elon Musk to amicably settle their dispute over his tweets. If not, she said she’ll decide whether to grant regulators’ request that the outspoken executive face escalating fines if he breaks rules protecting investors. U.S. District Judge Alison J. Nathan... Read More

Business, Criminal Justice News, News

Elon Musk, Tesla

March 19, 2019

SEC says Musk’s contempt defense ‘borders on the ridiculous’

DETROIT (AP) — U.S. securities regulators countered Tesla CEO Elon Musk’s contempt-of-court defense Monday night, writing in court papers that he brazenly disregarded a federal judge’s order and that one of his arguments “borders on the ridiculous.” Lawyers for the Securities and Exchange Commission, in a response to Musk, wrote that when the contempt motion... Read More

Business, Criminal Justice News, News

Elon Musk, Tesla

November 9, 2018

New Tesla chairwoman’s biggest challenge is controlling Musk

DETROIT (AP) — Australian telecommunications executive Robyn Denholm brings much-needed financial and auto industry expertise to her new role as Tesla’s board chairwoman, but her biggest challenge is whether she can rein in a CEO with a proclivity for misbehavior. Denholm, who has been a Tesla board member for nearly five years, was named to... Read More

Business, Criminal Justice News, News

Elon Musk, Robyn Denholm, Tesla

November 8, 2018

Tesla names new board chair in settlement with regulators

DETROIT (AP) — Tesla’s board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud settlement with U.S. securities regulators. The electric car and solar panel company’s board on Thursday named Australian telecommunications executive Robyn Denholm as chairman, effective immediately. Denholm will step down as chief financial... Read More

Business, Criminal Justice News, News

Elon Musk, Tesla

November 5, 2018

US regulators subpoenaed Tesla production data, company says

DETROIT (AP) — U.S. securities investigators have subpoenaed information from Tesla about production forecasts for the Model 3 electric car that were made last year, the company acknowledged in a regulatory filing Friday. The disclosure in Tesla’s quarterly financial report also says the Securities and Exchange Commission subpoena covered other public statements made about Model... Read More

Business, Criminal Justice News, News

Tesla

October 17, 2018

Judge approves Elon Musk settlement with SEC

NEW YORK (AP) — A federal judge is approving a settlement between Elon Musk and federal regulators over his infamous tweet about taking Tesla private. The Securities and Exchange Commission argued the tweet was misleading and harmed investors who bought stock in the electric car company as a result. The company is not going private.... Read More

Business, Criminal Justice News, News

Elon Musk, Tesla

October 12, 2018

Shareholders must vote on Musk’s return as Tesla chairman

If Tesla CEO Elon Musk wants to return as chairman, shareholders will have to vote on it. The requirement is detailed in a court brief filed jointly on Thursday by Tesla and the Securities and Exchange Commission. The brief was required by a federal judge who must approve a securities fraud settlement reached with Musk... Read More

Business, Criminal Justice News, News

Elon Musk, Tesla

October 5, 2018

Musk takes swipe at SEC on heels of fraud settlement

SAN FRANCISCO (AP) — Elon Musk is taunting the government regulators who threatened to oust him as CEO of electric carmaker Tesla just days after he settled a case alleging he duped investors. Musk used his Twitter account to jab the Securities and Exchange Commission, the same agency that went after him for an Aug.... Read More

Criminal Justice News, News, Technology

Elon Musk, Tesla

October 1, 2018

New Tesla chair must rein in CEO Musk at key moment

WASHINGTON (AP) — It won’t be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmentally-friendly electric cars.... Read More

Business, Criminal Justice News, News

Elon Musk, Tesla

September 7, 2018

Investor sues Tesla alleging scheme to ‘burn’ short sellers

SAN FRANCISCO (AP) — Tesla has been sued again by an investor who alleges that CEO Elon Musk artificially manipulated the stock price to damage investors who bet against his company. The lawsuit filed Thursday by short-seller Andrew Left alleges that Tesla and Musk damaged all shareholders when Musk tweeted Aug. 7 that he had... Read More

Business, Criminal Justice News, News

Tesla

Tesla seeks dismissal of suit challenging Musk pay package

Tesla CEO Musk gets reprieve in contempt-of-court hearing

SEC says Musk’s contempt defense ‘borders on the ridiculous’

New Tesla chairwoman’s biggest challenge is controlling Musk

Tesla names new board chair in settlement with regulators

US regulators subpoenaed Tesla production data, company says

Judge approves Elon Musk settlement with SEC

Shareholders must vote on Musk’s return as Tesla chairman

Musk takes swipe at SEC on heels of fraud settlement

New Tesla chair must rein in CEO Musk at key moment

Investor sues Tesla alleging scheme to ‘burn’ short sellers

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