Musk to step down as Tesla chairman and pay $20m fine in settlement with US regulators September 30, 2018 Elon Musk is to step down as chairman of Tesla after settling a fraud lawsuit with US regulators over tweets he made about taking the firm private. The billionaire boss of the electric car-making firm has also agreed to pay a $20m (£15m) fine from the US securities and exchange commission (SEC), staving off a [...]
Tesla shares drop despite board backing for Elon Musk after SEC lawsuit September 28, 2018 Tesla shares plunged almost 14 per cent today as boss Elon Musk faced the prospect of a ban from ever running a public company again. The electric car company’s board hailed Musk’s “integrity and his leadership” after the US Securities and Exchange Commission (SEC) filed legal action against him late last night. Read more: US watchdog [...]
Tesla chief Elon Musk faces ban from running a public firm in SEC fraud charges September 27, 2018 Tesla chief Elon Musk faces being barred from running a public company after the US Securities and Exchange Commission (SEC) filed legal action, accusing him of alleged securities fraud over his public statements about taking the firm private. Tesla shares dropped more than 13 per cent in after-hours trade as news of the suit broke, [...]
Tesla shares plummet as Elon Musk faces criminal probe over going private comments September 18, 2018 Shares in Tesla have plummeted after the US justice department launched a criminal investigation into Elon Musk's comments regarding taking the company private. The company's share price tumbled more than 4 per cent after it emerged that federal prosecutors had opened a fraud investigation, according to Bloomberg. The probe centres on statements Musk made on Twitter [...]
Tesla shares plummet as Elon Musk faces criminal probe over going private comments September 18, 2018 Shares in Tesla have plummeted after the US justice department launched a criminal investigation into Elon Musk's comments regarding taking the company private. The company's share price tumbled more than 4 per cent after it emerged that federal prosecutors had opened a fraud investigation, according to Bloomberg. The probe centres on statements Musk made on Twitter [...]
Japanese tycoon Yusaku Maezawa to become Space X’s first private passenger in trip to the moon September 18, 2018 A Japanese billionaire and online fashion tycoon is set to become the first private passenger to fly around the moon after revealing he will join Elon Musk’s SpaceX mission into orbit. Yusaku Maezawa, who owns fashion retailer Zozo, is expected to lift off on the Big Falcon Rocket (BFR) in 2023 after being unveiled as [...]
Japanese tycoon Yusaku Maezawa to become Space X’s first private passenger in trip to the moon September 18, 2018 A Japanese billionaire and online fashion tycoon is set to become the first private passenger to fly around the moon after revealing he will join Elon Musk’s SpaceX mission into orbit. Yusaku Maezawa, who owns fashion retailer Zozo, is expected to lift off on the Big Falcon Rocket (BFR) in 2023 after being unveiled as [...]
Tesla takes a hit after Saudi fund invests $1bn in rival Lucid Motors September 17, 2018 Tesla shares dipped this afternoon after Saudi Arabia's sovereign fund pumped $1bn into rival Lucid Motors. Shares fell by two per cent today after it was revealed that the Public Investment Fund of Saudi Arabia (PIF) would help launch the Silicon Valley company's first electric vehicle, the Lucid Air, in 2020, but recovered to $300 later in the afternoon. Read more: [...]
Tesla takes a hit after Saudi fund invests $1bn in rival Lucid Motors September 17, 2018 Tesla shares dipped this afternoon after Saudi Arabia's sovereign fund pumped $1bn into rival Lucid Motors. Shares fell by two per cent today after it was revealed that the Public Investment Fund of Saudi Arabia (PIF) would help launch the Silicon Valley company's first electric vehicle, the Lucid Air, in 2020, but recovered to $300 later in the afternoon. Read more: [...]
Elon Musk’s Space X signs up first private moon flight passenger September 14, 2018 Space X has announced that it has signed up the first private passenger to fly around the moon on its new Big Falcon Rocket launch system. Elon Musk's company said it was a crucial step towards a future of everyday space travel. Read more: 'It's legal, right?' Elon Musk smokes weed on podcast The rocket [...]