Is Tesla Better Off Without Elon Musk? Fraud Charge Brings Uncertain Future
http://www.newsweek.com/tesla-better-without-elon-musk-sec-charges-fraud-1143837
Figures compiled by Statistic, published on September 28, show the turbulent nature of Tesla shares in recent months. Statista Share Tech & ScienceTesla stock has tanked this week after the U.S. Security and Exchange Commission (SEC) moved ahead with a lawsuit against co-founder and chief executive Elon Musk.
The legal move allegedly came after a settlement with regulatory officials fell through at the last minute, with CNBC reporting that Musk and Tesla would have only been facing a financial penalty if such a deal could have been finalized. Instead, the SEC demanded blood. Ultimately, the agency appealed for Musk to be prohibited from running his own electric car company.