19.5 C
New York
Wednesday, April 24, 2024
HomeMarkets
MarketsNewsPerspectives

Elon Musk Furious at Powerful Regulator Probing Twitter 2.0 Practices

By Ilene
0
154

By LUC OLINGA, TheStreet

This is bad news for Elon Musk — and it’s likely to deepen his anger at federal regulators. 

The Tesla CEO has for four years battled the Securities and Exchange Commission over his tweets, including his summer 2018 posts in which he said he wanted to take Tesla private and had secured financing for the deal.

The serial entrepreneur reached a settlement with the federal agency to end the investigation. In the accord, Musk and Tesla each agreed to pay a $20 million fine and he stepped down as Tesla’s chairman. And the board was obligated to review his “communications with investors.”…

Continue here >

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,327FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x