Tesla stock dives nearly 9% after a tearful Elon Musk interview and a report of an earlier SEC investigation [Los Angeles Times (CA)]
Tesla, Inc. (TSLA)
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Source: Los Angeles Times
Tesla stock dives nearly 9% after a tearful Elon Musk interview and a report of an earlier SEC investigation Tesla Inc. stock sank nearly 9% on Friday, the day after a report that securities regulators had begun investigating last year whether the electric carmaker misled investors and after Chief Executive Elon Musk gave a tearful interview discussing the personal strain of leading the company. The Securities and Exchange Commission began looking last year into whether Tesla had misled investors about problems manufacturing its Model 3 sedan, long before Musk created a frenzy last week by tweeting that he had secured funding to take the automaker private, the Wall Street Journal reported Thursday evening. Production of Tesla's Model 3 sedan has been beset by delays, and only recently has it stopped falling far short of targets. The company and executives could face sanctions if regulators establish it misled investors about the delays’ cause or extent, the Journal said. Two years ago
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- 4/16/24 - Form 8-K
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