[ad_1] Ever since Elon Musk tweeted about taking Tesla private his use of the platform has been troublesome in the government’s eyes, but today the CEO reached an amended agreement with the SEC. According to Reuters, if a judge approves the deal then charges of contempt in his earlier settlement will be dropped. It requires […]
Category: Sec
Judge orders Elon Musk and the SEC to settle Tesla tweet dispute
[ad_1] The SEC brought him to court for the second time after he tweeted a photo of Tesla’s facility and followed that up by saying that the automaker will manufacture 500,000 cars in 2019. He corrected himself in another follow-up and clarified that 500,000 is merely the expected production rate. Tesla still expects to deliver […]
VW and its former CEO charged with defrauding investors in diesel scandal
[ad_1] According to the SEC, Winterkorn and others in the company intentionally deceived investors and underwriters about the quality and environmental compliance of Volkswagen vehicles. While Volkswagen raised money, the company was participating in a scheme to cheat on emissions tests. By using a piece of software that activated during tests, Volkswagen was able to […]